Sunday, August 14, 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

Ferrari Recalling More than 23,000 Cars Going as Far Back as 2005

The recall involves braking issues. Models such as the 430 and 612 Scaglietti are included. This is massive, at least in Ferrari terms. A...

The 2022 Toyota GR86 has a Big Silicone Problem

It started out with Toyota refusing to cover a blown engine because the owner auto crossed it. Under pressure from the automotive community,...

Bentley Teases the Mulliner Batur, an upcoming Grand Tourer

This model will likely be based on the Continental GT Its design will introduce the brand’s new styling language It will be revealed...

Ralph Nader Wants the NHTSA to Forcibly Remove Tesla’s FSD Technology

The consumer advocate calls Tesla’s FSD dangerous and irresponsible. The NHTSA is looking into requiring Tesla’s Autopilot to be recalled. Those who own a...

Dealers Who Charge « Market Adjustment » Fees are 25% Less Likely to See the Customer Again

Inflated new vehicle prices are still very common. 80% of buyers in May and June paid MSRP or higher. A recent study has shown...

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.