Opting for Slovakia, the new plant will bring much needed additional capacity, joining existing European bases in Torslanda, Sweden and Ghent, Belgium.
Located near to Kosice, the second largest city in Slovakia, Volvo has earmarked over a billion Euros to get the plant up and running and has cited the country’s strong ties to car manufacturing, with four large car plants already churning out significant numbers of new cars every year.
Construction is expected to start in 2023, with the first all-electric Volvos driving off the production lines in 2026. The Swedish carmaker has also confirmed that, in line with its carbon neutral commitment by 2025, the new plat will only use carbon-neutral energy.
The Slovakia plant is the first new European Volvo car site in sixty years and when operational in 2026 will increase the brand's potential European output from around 600,000 units to 850,000 units per year.