Volvo manufacturing plant for EVs
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Volvo announces a new manufacturing plant for EVs.

Production of next-generation, pure electric Volvo cars from the new manufacturing plant is scheduled to start in 2026.

On its mission to become a pure electric mobility brand by 2030, Volvo has announced that it will establish a new manufacturing plant in Slovakia only for EVs. It will be Volvo’s third manufacturing plant in Europe.

Volvo aims to become fully electric by 2030 and a climate-neutral company by 2040. The new state-of-the-art plant will be climate neutral and build only electric cars.

The new plant will be located close to Kosice, in the eastern part of Slovakia. Volvo will invest around EUR 1.2 billion to construct this plant.

The plant construction will start in 2023, and the production of the next-generation, pure electric Volvo cars from this plant is scheduled to begin in 2026.

The facility is designed to produce up to 250,000 cars per year and is expected to provide several thousand new jobs in the region. The site also allows for further expansion of the plant in the future.

The plant will use only green energy because of Volvo’s ambition to have climate-neutral manufacturing operations by 2025.

Jim Rowan, chief executive at Volvo Cars, said: We have a clear focus on becoming a pure electric mobility brand by 2030, which is in line with our purpose. Expansion in Europe, our largest sales region, is crucial to our shift to electrification and continued growth. I am very pleased to expand our Volvo Cars production footprint into Slovakia and look forward to welcoming new colleagues and partners on the journey ahead.

Also Read: BMW i3 production comes to an end.

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