This is significant: volvocars is building its first new car factory in Europe for 60 years – and the £1bn Slovkian plant in Kosice will be able to build 250,000 new EVs every year when it opens in 2026 🔋
New Slovakian factory due 2026
Volvo is busy updating all its factories to handle battery-powered cars. The famous Torslanda site is also being upgraded to handle new ‘mega casting’ processes, which essentially allow larger, single pieces of aluminum to be cast. Weight saving, cost and improved car performance are just a few of the benefits for Volvo’s future EVs.
But, while the brand aims to capitalise on the SUV boom, the leadership still has one eye on what else is coming: ‘We will see more streamlined cars. We need to work with lower air resistance – there is not a need for a big grille – everything to improve the range for a car. But there is always a pendulum move – now everyone moves into big SUVs, but I think maybe the preference for smaller families and single persons will also mean that there is a future for something else than SUVs.
He added: ‘In the last year we came to the conclusion that no, this is not just another powertrain choice for our premium cars – this is the start of a new all-electric premium segment. This is our first car in the world’s premium segment. The premium segment will be all-electric. We have ambitions of course to be a really big player in the electric premium segment, and there’s still a job to do for us in the next 10 years.
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