Volvo will build an assembly plant in Slovakia
- The Swedish carmaker Volvo Cars (belonging to the Chinese group Geely) has announced that it will build a battery electric car assembly plant in Slovakia from 2023, on the Kosice site, in the east of the country. The plant is expected to start operating in 2026.
- This will be the carmaker third European plant, which already has a plant in Sweden (Gothenburg) and another plant in Belgium (Ghent) opened in the 1960s.
- The Kosice plant will be the third assembly plant opened in Europe between 2022 and 2026 by a car manufacturer, after Tesla in Berlin (Germany) and BMW in Debrecen (Hungary). The Tesla factory in Berlin started up a few weeks ago, while the BMW factory in Debrecen will open in 2025. It is not surprising that these three assembly plants are dedicated to battery electric vehicles, given the probable end of sales of combustion engine cars in 2035.
- Volvo plans a capacity of 250,000 electric vehicles per year at its future plant in Kosice. The carmaker did not specify what the impact would be on the production of its two other European factories, which are also being transformed to produce only electric vehicles from 2030. These two factories have a production capacity of 550,000 vehicles per year (300,000 in Ghent and 250,000 in Gothenburg) to which will be added 250,000 vehicles per year in Kosice.
- Volvo sold 700,000 vehicles worldwide in 2021, including 300,000 in Europe, 175,000 in China and 125,000 in the USA, with the carmaker having assembly plants in China and the United States. Volvo's goal is to sell 1,200,000 vehicles per year from 2025.
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