MILAN -- Idra, an Italian-based aluminum casting machine maker, has won a contract with Volvo Cars to install two of its largest presses at the automaker's new EV plant in eastern Europe.
The contract is for two 9,000 ton Giga Press machines, Idra said. The machines are the size of a small house or a tennis court. Idra did not disclose the value of the contract.
Volvo is building a $1.25 billion factory in Kosice, Slovakia, capable of making 250,000 electric vehicles a year. Series production of the automaker's next-generation EVs is scheduled to start in 2026.