Automakers

Volvo will add plant in Slovakia to underpin EV shift

Volvo logo on XC40 2022
July 01, 2022 07:45 AM

Volvo Cars will invest 1.2 billion euros ($1.25 billion) to build a new manufacturing plant in Kosice, Slovakia, capable of making 250,000 electric vehicles a year, the automaker said on Friday.

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