There are brands that have not stopped working and that keep in mind that the future lies in the old continent. Therefore, they have recognized that urban mobility will focus on a series of requirements that Europe will allow to be one of the nerve centers. This is the case of Volvo, which will open a third factory in Europe, positioning itself in an excellent position to meet the growing demand for electric vehicles from its customers and take advantage of future growth potential.
This new business step will be aimed at incorporating the most advanced technology and will focus on manufacturing electric vehicles, thus eliminating any type of impact on the environmentand. Focused on its goal of becoming an exclusively electric vehicle brand and having no ecological impact before 2040, the brand will continue to improve its manufacturing structure in order to achieve its growth goals.
To find this new European location, you have to travel to Slovakia, where it aims to create a European manufacturing triangle. This will cover its largest sales area, complementing the factories in Ghent (Belgium) in Western Europe and Torslanda (Sweden) in Northern Europe. With an investment of 1,200 million euros, it is located in the vicinity of Kosice, becoming the fifth factory in the country and taking advantage of a solid supply chain.
Volvo Cars aims to achieve annual sales of 1.2 million vehicles by the middle of the decade through a global manufacturing presence spanning Europe, the United States and Asia. The works will begin in 2023, little by little the equipment and production lines will be installed in 2024. Its intention is that it will be commissioned in 2026 to produce the next generation of pure electric models.
An ecological and sustainable future
The firm aims to achieve climate neutrality by 2025, so they will only use energy with no effect on the climate. It will also be designed for cbecome the main production centre for sustainable and efficient premium electric vehicles, with an optimized layout and logistics flow. Kosice offers good logistics and transport links to the rest of Europe, as well as access to an excellent supplier base.