Slovakia

Continental AG announced that its tire plant in Púchov, Slovakia has received the International Sustainability and Carbon Certification (ISCC) PLUS sustainability certification.

The plant also produces truck tires, making it the first Continental’s truck tire plant to receive this certification. Púchov is the company's third ISCC PLUS-certified production site, following the tire plants in Lousado, Portugal, and Hefei, China.

Continental aims to use more than 40% renewable and recycled materials in its tires by 2030 and to use 100% sustainable materials to make all its tires by 2050.

(From a press release dated July 9, 2024)

The Slovak government signed an investment agreement (IA) with Gotion InoBat Batteries (GIB), a joint venture between Gotion High-tech and InoBat to build a plant to produce batteries for electric cars in the Lower Nitra region.

The planned investment in the plant's construction totals up to EUR 1.2 billion. It will bring up to 1,311 new jobs with wages higher than the average in the district. The Government of the Slovak Republic will provide EUR 214 million in investment aid for this project.

The total planned capacity will reach up to 60 GWh and the first phase committed under the current IA is 20 GWh with Commercial Operations Date (COD) in 2026. Phase 1 will cover an area of over one hundred hectares and will employ more than a thousand workers. Construction is planned to begin at the end of 2024.

GIB’s giga factory deploys an innovative closed-loop circular value-chain, located in the Surany strategic eco park home of the Surany Battery Hub. (Based on press release from InoBat/ Ministry of the Interior of the Slovak Republic dated June 20, 2024)

On June 8, the Minister of Economy of the Slovak Republic announced that her ministry had completed another round of negotiations with the Chinese investor Gotion, which would like to reinvest hundreds of millions of euros in Slovakia and employ more than 1,200 people.

Gotion High Tech has already invested in InoBat AS, a Slovak battery producer.

Based on social media update of Minister of Economy of the Slovak Republic