EU Commission approves Slovakia’s EUR 267 million aid for Volvo Cars new EV plant
On April 8, the European Commission approved Slovakia's EUR 267 million aid for Volvo Cars, aligning with EU State aid rules. The investment will support in setting up of a new production plant for electric passenger vehicles in Valaliky near Košice, Eastern Slovakia.
Volvo Cars will invest EUR 1.2 billion in the es