On October 7, the European Parliament approved EUR 2.7 million from the European Globalisation Adjustment Fund (EGF) to support 400 automotive industry workers who were made redundant by 20 companies in the Galicia region, Spain. The funding will provide career counselling, job-search support, training, and allowance

On September 8, Valmet Automotive Oyj started the serial production of coaches at its Uusikaupunki plant under a long-term partnership with Carrus Delta Oy. The production agreement supports Valmet Automotive’s strategy of expanding its advanced industrial manufacturing expertise into new industries beyond the automo

On July 24, the European Commission proposed EUR 410,310 in financial support from the European Globalisation Adjustment Fund for Displaced Workers (EGF) for 235 workers who lost their jobs at Valmet Automotive in Finland.
The proposal will support the dismissed workers through measures such as career counselling and

On June 15, Patria and Valmet Automotive signed a new multi-year agreement for the manufacturing of Patria 6x6 armoured vehicles at Valmet Automotive’s Uusikaupunki plant in Finland.
Under the agreement, the production capacity will increase to hundreds of vehicles annually. The deal builds on the cooperation agreem

On April 22, Valmet Automotive signed a long-term deal with Carrus Delta Oy, Finland, to produce coach bodies at Valmet’s Uusikaupunki plant, Finland. The partnership supports Valmet’s plan to expand into new industries and helps Carrus Delta grow its production and develop new products.
In 2025, Valmet announced a s

On April 10, Valmet Automotive announced that the long-term vehicle manufacturing contracts of its VA business area ended in November 2025 amid ongoing challenges in the European automotive industry.
The end of contract led to a temporary reduction in workforce and the initiation of change negotiations. Following the

On February 10, Valmet Automotive Plc and Jeti Industries Ltd signed a preliminary agreement to begin serial production of modular electric buses at Valmet Automotive’s plant in Uusikaupunki, Finland. The deal, if finalized, would mark the first production of electric buses under a contract manufacturing model.
Jeti

On December 17, Valmet Automotive signed a cooperation agreement with Sisu Auto to manufacture components and carry out final vehicle assembly for the SISU GT series at Valmet Automotive’s Uusikaupunki plant in Finland.
The partnership addresses Sisu Auto’s need for additional capacity to facilitate its growth, while

On November 11, Valmet Automotive announced the conclusion of the change negotiations that began in September 2025. The company decided to implement personnel adjustment measures through temporary layoffs.
Valmet Automotive will temporarily lay off up to 860 employees, some on a part-time basis, and end the employmen

On November 4, IONCOR announced that it will relocate its battery testing hub to Kirchardt plant as part of a consolidation of its German operations. The move will bring engineering, testing, and production together under one roof. The transfer will take place over the next six months.
The consolidation involves sel

On September 23, Valmet Automotive announced that it is starting change negotiations in Finland for financial and production reasons.
The negotiations affect all 1,300 employees in the country, with potential adjustments totaling up to 1,075 person-years. The possible measures under consideration include temporary l

According to multiple press releases, Contemporary Amperex Technology Co., Ltd. (CATL) is selling its 20.6% stake in Finland’s Valmet Automotive. The Finnish government and Pontos Group have agreed to acquire the 20.6% stake. Previously, Valmet Automotive manufactured vehicles for automakers such as Porsche, Saab, an

On September 1, Valmet Automotive announced that it is reshaping its strategy to expand its expertise beyond the automotive industry, including into the defense sector.
As part of an ownership and financing arrangement enabling Valmet Automotive’s strategic expansion, IONCOR, Valmet Automotive’s battery systems subs

On June 10, Valmet Automotive finished expanding its Zary plant in Poland, with construction led by industrial developer Panattoni. The expansion began in January 2025 and adds 8,800 square meter, bringing the total facility size to over 26,000 square meter.
The new space will support increased production of kinemati

On May 27, Panattoni, an industrial real estate developer, announced the completion and handover of a new manufacturing and logistics facility to Valmet Automotive. The facility expands Valmet's existing factory in Żary to meet the rising demand for components that improve automotive aerodynamic efficiency.
The Żary

On January 22, Panattoni, an industrial real estate developer, announced that Valmet Automotive sp. z o.o., a leading supplier to the automotive industry has inaugurated the expansion of the factory in Żary, Poland.
The project being carried out by Panattoni, which involves expanding the existing plant by adding 8,8

On December 20, Valmet Automotive announced a year-end production break at its Uusikaupunki car plant in Finland. The company has successfully delivered all customer orders for the year.
(Based on Valmet Automotive social media update)

On September 10, Valmet Automotive announced that its battery business is now operationally independent, operating under the new name IONCOR. The company will adopt the IONCOR brand identity on October 1, 2024. The company plans expand further beyond the automotive industry into various non-automotive sectors with it

On August 29, Valmet Automotive announced that it is establishing its Electric Vehicle Systems (EVS) business line as an independent company, as part of its strategy to enhance business line independence and capitalize on market opportunities. The company has built up a battery business of significant size during the

On August 15, Valmet Automotive launched its first solar power plant, located at its Uusikaupunki, Finland site. The electricity generated on site will power the plant's grid, supporting battery and vehicle production, and can also be used to charge electric cars.
The solar power plant, situated next to the battery a