On June 2, the European Bank for Reconstruction and Development (EBRD) announced that it is supporting the expansion of electric vehicle (EV) charging infrastructure in the Baltic region by extending a EUR 60 million loan to Ignitis Group, a leading energy company in the Baltic states. The EBRD’s investment will fina

On May 29, Girteka Group, a European asset-based transportation company, signed a major agreement with Volvo Trucks to acquire 2,000 heavy-duty vehicles, marking the largest single truck order in Europe for 2025. The order includes the latest Volvo FH and FH Aero models, with deliveries scheduled throughout 2025.
The

On August 13, the Ministry of Transport of the Republic of Lithuania announced that it has approved funding for the purchase of 195 electric buses for public passenger transport services. The ministry had previously allocated funds for 80 electric buses at the start of 2024.
The ministry has allocated a total of EUR

On June 14, the European Bank for Reconstruction and Development (EBRD) announced that it is making an equity investment of EUR 15 million in Eldrive Holding GmbH, a leading regional charging point operator in Bulgaria, Lithuania, and Romania. 
By 2028, it will install and operate 7,400 new electric vehicle (EV) char

On January 26, the European Investment Bank (EIB) signed a EUR 40 million loan to the Austrian-registered Eldrive Holding GmbH to install 8,472 electric vehicle (EV) charging stations in Bulgaria, Lithuania and Romania over the next three years.
With InvestEU and the EIB’s financial support, Eldrive Holding plans to

On December 7, Enefit signed a contract with a Lithuanian retail chain, Norfa, to install 250 public charging stations. A total of 500 new charging points will be installed, with capacities from 22 to 320 kW, in 107 different parking areas across the commercial network in Lithuania by the end of 2024.
The whole proje

On September 22, Altas Auto signed a strategic partnership agreement with Zhongtong Bus & Holding Co., Ltd, a leading EV bus manufacturer, to expand its electric buses portfolio with 2 new increased passenger capacity electric buses. The strategic cooperation will enable the production and customization of new fully

On May 15, Škoda Group announced that it has been awarded the tender for the delivery of state-of-the-art trolleybuses to Vilnius, Lithuania. The contract with the transport operator JSC "Vilniaus viešasis transportas" includes the delivery of the 91 Škoda 32 Tr vehicles with a total value of over EUR 52 million. The

Invest Lithuania announced that PKC Group, part of Motherson Group since 2017, is planning to expand its operations in Lithuania and therefore will hire 100 more employees. PKC Group established its first Lithuanian facility in Panevėžys in 2014, followed by a facility in Klaipėda in 2022 to manufacture wiring harnes

On January 6, SPARK Technologies announced that it has signed an agreement with GEM Global Yield LLC SCS, a Luxembourg-based private for a EUR 30 million capital commitment, for a 36-month term following the public listing of SPARK Technologies shares. Subject to the listing occurring, the proceeds from this financin

On November 11, Iveco announced that it has successfully completed the delivery of 65 IVECO S-WAY Gas trucks in LNG version to transport operator Vlantana in Lithuania.
Vlantana will use the new IVECO S-WAY LNG trucks on European routes where the distribution network is in place. 
Vlantana is taking the lead in Lit

On April 12, the Lithuanian Ministry of Transport and Communications announced that the Future Mobility Group will commence its activities. The Group is to take on ambitious tasks of promoting the creation and development of innovative solutions in the transport sector and of increasing sector competitiveness and Lit

Invest Lithuania announced that Hella Lithuania started production of a fuel control module for German premium original equipment manufacturer. The product will be designed to help reduce the carbon footprint while ensuring more efficient operation of cars. It is planned to produce more than one million of such modul

Hella announced that it is further expanding its electronics plant in Lithuania. The plant in the Kaunas Free Economic Zone started production of various electronic components in August 2018. At present, sensors and actuators as well as lighting electronic components are manufactured at the site and more than 180 emp

On September 10, Invest Lithuania reported that UAB Elinta Motors, located in the Kaunas Free Economic Zone (FEZ) has introduced electric gears for small buses with which in just the testing phase 2 million km have been driven. Using EU funds, the company has developed these gears for multiphase engines: during the p

Invest Lithuania informed that HELLA Lithuania is starting to manufacture turbine air pressure actuators for all petrol cars in the European market. The manufacturing of the actuator is the fifth project to be implemented by the company in Lithuania and it will be sold directly to car manufacturers. A fully automated

On May 2, Invest Lithuania informed that from the second half of 2019, Continental will begin production of Body & Security and Advanced Driver Assistance Systems at a new facility in Kaunas. With an investment of EUR 95 million over five years, the 22,000-square-metre facility will employ 1,000 specialists in indust

On April 3, Solaris Bus informed that the city of Tauragė is the first in Lithuania to buy Solaris electric bus. On 21 March, Solaris signed a contract with the municipal transport operator for the delivery of the Urbino 8,9 LE electric. The first battery Solaris will hit the streets of the Lithuanian town in March 2

On March 19, Invest Lithuania informed that Dana Incorporated will be opening a new global shared service center in Vilnius, Lithuania. The center will employ approximately 100 people in a variety of finance and accounting positions and provide intercompany support to Dana operations in Austria, Belgium, Denmark, Fin

On February 7, Invest Lithuania informed that Switzerland-headquartered Mikron Automation has announced opening a production facility in the area of Kaunas, Lithuania.
The facility will initially produce modules for automation solutions, mainly for customers in the automotive industry. 
Mikron will build a team of