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Volvo is building a factory near the Hungarian border

Volvo is building a factory near the Hungarian border

The new plant being built in the city of Kasa in the eastern part of the country, near the Hungarian border, will have an annual production capacity of 250,000 purely electric cars, and according to plans, production will begin in 2026. Construction is scheduled to begin next year, according to Ma Written by MTI based on a Volvo advertisement.

According to the Chinese-owned Swedish company, the development of the site will also enable future capacity expansions. The Volvo Its factory in Slovakia provides thousands of jobs in the region. The Swedish brand is setting up a new factory for the first time in nearly sixty years, and Kasai will be its third European factory after factories in Sweden and Belgium.

“Expansion into Europe, our largest sales region, is key to the shift to electric mobility and continued growth,” CEO Jim Rowan said in a statement.

The fourth Volvo plant is the fifth car factory in Slovakia

“Volvo Cars aims to reach sales of 1.2 million vehicles annually by the middle of the decade, which it intends to achieve with a global manufacturing infrastructure that includes Europe, the United States and Asia,” the statement said.

“Today we have been able to achieve another big goal of bringing a new investor to the eastern part of our country, creating many direct and indirect jobs,” Economy Minister Richard Sollick said at the press conference. Slovak spectators to me

Slovakia is already home to four car manufacturers: Volkswagen Slovakia in Bratislava, and Stelantis in Trnava. Kia Motors near Zsolna and Jaguar Land Rover in Nitra.

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Volvo Cars’ production last year rose 5.6 percent from the previous year, to nearly 700,000 vehicles, of which 27 percent were hybrid or all-electric vehicles.

The construction of the existing factory can be important from Hungary’s point of view because it is Highway M30 The most important road transport route in the city of Casa. Also, in Miskolc and on the Hungarian side of the border, there are many car suppliers that could be Volvo’s partners.

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