Czech Republic in talks with potential battery cell factory investors
Image by Shutterstock.com
The Czech Republic is in talks with two potential investors, including Volkswagen, for an electric battery cell factory and is ready to offer billions of crowns in an incentive package,
Trade and Industry Minister Karel Havlíček said on Friday reported the Czech Radio.
The German automaker Volkswagen is aiming to open six battery cell plants in Europe by 2030 and the Czech Republic, which is home to VW's Skoda Auto plant, is a possible location. Havlíček said the government was also holding talks with another interested party but declined to name it.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.