Battery Development and Production Factory

June 2023 In June 2023, Ulu Motor, a subsidiary of Ulubaşlar Group which is a leading company in the automotive sector in Turkey, has signed an agreement with Chinese electric vehicle manufacturer, Skywell, on the opening of a battery development and production factory in Turkey. Initially, the factory will serve as the battery production factory for Skywell cars. There are further plans to establish a vehicle production line and spare part supply system and manufacture of vehicle parts. In accordance with the agreement, the factory’s construction is expected to be completed in the first quarter…

Ford Otosan Investment

June 2023 In 2021, Ford Otosan has announced that an investment of EUR 2 billion will be made within the scope of the Kocaeli factories’ transformation, which are among Europe's largest commercial vehicle production bases, to produce electric cars. In February 2023, it is announced that a total investment of EUR 1.39 billion is planned to be made in the next five years. Within the strategic partnership between Ford and Volkswagen, Ford Otosan will produce the new generation of Volkswagen commercial vehicles model 1-ton in Turkey. With the investment, the Kocaeli factories aim to become Turkey’s…

Avesta Battery and Energy Engineering (ABEE) Plans EUR 1.4 Billion E-vehicle Battery Plant in Eastern Romania

May 2023 Belgian company Avesta Battery and Energy Engineering (ABEE) prepares to invest EUR 1.4 billion in Galati, the eastern part of Romania, to build an e-vehicle battery factory. Representatives of the Belgian firm announced that they would have a production capacity of 22 GWh per year and would also develop a unit for recycling electric batteries with a capacity of 50,000 tonnes per year. 

Next E.Go Mobile Investment Update

May 2023 In July 2021, Memorandum of Intent for building an Electric Vehicle Plant was signed by and between the Bulgarian Government and German electrical vehicles manufacturer Next.e.GO Mobile. It was announced that the new investment will amounts of EUR 140 million. Next.e.GO Mobile plans to start producing electric cars in the city of Lovech and to employ approximately 1,000 people. The company plans to produce its E.Go Life and E.Go Life Cross models in Bulgaria. It was announced that the plant will be the first fully carbon neutral in Europe, producing the energy it will consume through…

China’s KSHG Auto Harness Set to Open Production Unit Near Simeria

April 2023 China-held KSHG Auto Harness will open a car parts production unit in industrial park CTPark II of Hunedoara, in Bacia locality, near Simeria. The investment is thought to generate 400 new jobs.

Turkey’s First Locally Produced Car

April 2023 In 2020, after years of waiting, the features and design of the car were introduced, which will be produced locally in Turkey. The construction of TOGG’s (brand name of Turkey’s first locally produced car) factory in Bursa with an investment cost of TRY 22 billion (EUR 934 million) has been completed and the factory commenced its operations on the Republic Day of Turkey, October 29, 2022. There are currently around 1,500 employees at the factory. It is expected that approximately 4000 more people will be employed at the factory in the future. A total of five models will be produced…

Continental Plans New Investment in Sibiu

March 2023 Continental announced that it planned to make new a new investment in Sibiu (around EUR 180 million, which is comparable to its 2022 investment) to extend its facilities and purchase new equipment for its engineering centres and tire and electronic component factories.

Rombat Plans to Make a EUR 10 Million Investment

March 2023 Rombat, a local producer of car batteries, has planned to invest EUR 10 million in a new semi-automated line for manufacturing heavy-duty champion HD-FB batteries for heavy vehicles, as well as absorbent glass mat batteries for cars with start-stop technology. Additionally, a part of this investment will be used to develop two solar parks to optimize the company’s operational costs and make it more self-sufficient. The first solar park with a capacity of 4.2 MW will be co-funded by the authorities, under Romania’s National Recovery and Resilience Plan.

Armored Vehicles Plant in Bulgaria

March 2023 Leading producer of specialized armored vehicles International Armored Group (IAG) announced its intentions for building a plant in Burgas. The construction of the plant started in March 2023. The main production facility is expected to be finished in 2024. The initial investment in the facility in Burgas is estimated at BGN 20 million (approx. EUR 10.2 million). It was further announced that the company is considering the possibilities of building plants in Plovdiv and Blagoevgrad, with the initial investment for each of the plants estimated at approximately BGN 25 million (approx.…

Optibelt Power Transmission Announces a EUR 11.7 Million Investment

March 2023 The German car parts manufacturer Optibelt Power Transmission, the local subsidiary of the German Arntz Optibelt group, has budgeted for this year an investment of EUR 11.7 million. The investment will focus on developing the power transmission plant located in the Maramures region.

Syn Trac Announced a EUR 400 Million Investment

March 2023 The Austrian company Syn Trac announced an investment of over EUR 400 million in an agriculture truck factory to be built in the western part of Romania (Arad County), creating around 600 jobs in the local community. The Romanian facility will cover the Easter European and Middle East market.

Partnership of Zorlu Enerji and Wren House Infrastructure LP on Electric Charging Stations

February 2023 As being one of the biggest players in Turkiye’s energy sector, Zorlu Enerji aims to facilitate the journeys of electric vehicle owners and accelerate the electric vehicle revolution with the fast-charging stations it has implemented in urban and intercity roads. In addition to the fast-charging facility it offers at public points, it also installs charging stations in homes and workplaces in line with the demands of its users. Zorlu Enerji plans to commission charging stations all over Türkiye and make electric vehicles accessible and usable all over the country. To achieve…