Volvo Cars to invest $1.25 billion to set up third European EV plant in Slovakia

The carmaker has decided to invest around €1.2 billion ($1.25 billion) to create a third EV production plant in Europe near Kosice, Slovakia. The plant, which will be Volvo's first new European production site in almost 60 years, is expected to be climate-neutral, capable of producing 250,000 vehicles per year and exclusively electric vehicles. Construction […]