Friday, December 9, 2022
News Volvo will Build a Climate Neutral Factory in Slovakia in 2026

Volvo will Build a Climate Neutral Factory in Slovakia in 2026

Volvo will add a third assembly plant to build electric cars in Europe by 2026.

  • The plant will be used to build electric vehicles only

  • This will be the company’s third manufacturing facility in Europe

  • In order to achieve its sustainability goal, Volvo will use carbon-neutral energy in this factory

Volvo announced it will build a new factory in Slovakia that will be its first carbon-neutral manufacturing facility in the world.

This upcoming factory will begin to be built near the city of Kosice in 2024 and it will be operational in 2026. This project will require a 1.2 million Euro investment.

Slovakia was chosen by Volvo due to its location and its established automotive industry. Indeed, the new factory will be the third point of a triangle that is formed by Volvo’s two other manufacturing locations in Europe, one in Belgium and the other in its native Sweden.

In addition, this new factory will be the fifth automotive assembly plant to be installed in Slovakia, which means that the country’s supply chain and infrastructure are already in place to support the new Volvo facility.

Since the automaker wants to sell only electric vehicles by 2030, this new factory will be dedicated to the assembly of EVs from the start, unlike any of the company’s current plants around the world.

Furthermore, another goal for Volvo is to have carbon-neutral manufacturing operations by 2025 and to become climate neutral as a whole by 2040, the Slovak factory will be designed to be more efficient and more sustainable and it will only use renewable energy.

The company expects this facility to produce 250,000 vehicles per year with the possibility of expansion due to the size of the land on which it will be built. This figure would bring the brand’s total European production up to around 850,000 vehicles per year, which would bring the company closer to its target of 1.2 million sales around the world by mid-decade.

Trending Now

The Fisker PEAR was Seen Testing Out on the Road

The PEAR will be a smaller electric SUV that should start under $30,000 in the US. Despite the test car’s camouflage, its silhouette...

The Second Generation of the Volkswagen ID.3 will be Unveiled Next Spring.

Due to delivery delays, orders placed starting now will be for the updated model. This is likely only a refresh of the current...

Volkswagen Launches Updates for 2021 ID.4 Owners, Includes New 12V Battery

New content updates for ID.4, Not OTA Update comes with new 12V battery for some cars   Volkswagen is rolling out some updates for the...

Ford Dealers will Become one of the Largest EV Charging Network in the US

Ford now mandates that all of its dealers who sell EVs have at least one DC fast charger open to the public. This...

Video: Hyundai shows the future of N

The motorsport division is trying to improve handling with its future N branded cars. The Hyundai Ioniq 5 N will be the brand's...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.