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Ústí nad Labem Region, Czechia approved delimitation of areas for deep mining of lithium at Cínovec in Ore Mountains. Decision of representatives is key for further decisions by investor Geomet (51/49 joint venture of Severočeské doly/ČEZ and European Metals Holdings/EMH) on implementation of project worth CZK 42 billion (EUR 1.7 billion), of which costs of building processing plant should be CZK 25 billion and mine itself CZK 5 billion. Project made significant progress in recent years – completion of definitive feasibility study/DFS and submission of EIA documentation to Ministry of Environment (December 2025), awarding subsidy of maximum of EUR 350 million/CZK 8.8 billion for construction of lithium processing plant in Prunéřov near Chomutov from Strategic Investments for Climate Neutral Economy programme (November 2025), receiving grant of CZK 800 million/EUR 32 million from Fair Transition Fund (April 2025), inclusion by European Commission among strategic projects under Critical Raw Materials Act/CRMA regulation (March 2025), changing location of processing plant from Dukla industrial zone near Újezdeček to Prunéřov to site of former coal-fired power plant (April 2024), EBRD invested EUR 6 million in EMH shares and currently holds 5.18% interest (July 2023), redemption of land and options in Dukla location for CZK 966 million (June 2023), EMH approved transfer of 51% stake to ČEZ by increasing Geomet's capital by EUR 29.1 million (April 2020), EMH acquired Geomet (February 2014), Geomet founded (November 2007). This to be followed by preparation of documentation for building permit. Investor expects mining to begin in 2030. Mining operation and raw material processing plant to directly create approximately 2,000 jobs, with further 2,000 jobs created in downstream supply chain. Total of 3.2 million tonnes of ore per year can be mined at Cínovec and will produce approximately 37,500 tons of battery-grade lithium carbonate for up to 1.3 million electric vehicles (EVs). Czechia has 10th largest lithium reserves in world (3-5%) and 2nd largest in Europe after Germany. Net present value (NPV) in Cínovec deep deposit was USD 1.94 billion as of January 2022. Automotive industry accounts for about 10% of Czechia’s GDP. In coming years, it will undergo inevitable transformation from internal combustion engines (ICEs) to electromobility. Czech source of lithium will help preserve jobs, automotive tradition, wide supply chain and follow-up services, added ČEZ, which is also planning gigafactory for electric car battery cells in Prunéřov

April 7, 2026 | 07:46am CETflash
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Factories
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Car production in Czech Rep fell by 16.5% in January-April

June 3, 2013 | 01:53am CEToriginal
The drop was registered by Skoda, Hyundai and TPCA. Avia produced only units, Tatra increased its production. Production of buses declined slightly...
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Czech automotive industry in 2012: Revenues increased by 6.9%, exports by 8.6%, wages by 3.9%, number of employees by 0.5% and professionals in R&D by 5.9%

June 3, 2013 | 01:32am CEToriginal
However, car production declined by 1.7%. The largest exporters, AutoSAP’s outlook for 2013...
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Hyundai made 114,500 cars in Czech Rep since January, planning shutdowns in H2

May 17, 2013 | 05:57am CEToriginal
The Nosovice-based factory intends to fulfil the plan for 2013. The millionth car, the results of a study commissioned by Moravian-Silesian Region...
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Volkswagen to recall 43,000 cars of New Small Family

May 15, 2013 | 11:52pm CEToriginal
These are the models of the Skoda Citigo, VW Up and Seat Mii produced in Slovakia. Details of the defect, affected model years...
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TPCA has not paid safety breaks since 2010, plant began to do so in April

May 2, 2013 | 11:57pm CEToriginal
Legal analysis, compensation for the current and former employees, the amount of compensation, increase in labour costs of the factory...
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Toyota and PSA to increase production in Czech plant and take on 350 agency employees

May 1, 2013 | 10:34pm CEToriginal
Speeding up the production line in TPCA, increasing the number of orders, recruitment through two HR agencies, timing, starting wage, an increase in 2013 production plan...
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Hyundai Dymos wants to supply also other carmakers in Europe than Hyundai-Kia

April 23, 2013 | 11:44pm CEToriginal
These include some German or Polish car manufacturers. Profile of the Czech plant in Nosovice, the current contracts...
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Car production in Czech Rep decreased by 18.1% in Q1

April 19, 2013 | 02:53am CEToriginal
Skoda Auto saw a drop of 20.2%, Hyundai Motor 8.6% and TPCA 23.7%. Reasons, production of trucks (Tatra, Avia) and buses...
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Japanese carmakers to recall 3.4 million cars to repair airbags made by Takata

April 17, 2013 | 12:31am CEToriginal
The problematic Takata airbags were delivered to automakers outside Japan, too. The models, the number of cars, locations including the Czech Republic, Takata’s plants in the Czech Republic and their clients...
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Hyundai Motor Group wants to expand further in production of automotive components

April 16, 2013 | 12:19am CEToriginal
Mastering the production chain, the share of supplies from its own companies for the plant in the Czech Republic, other possibilities of replacing suppliers…
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Automotive Forum 2013: IIR holds conferences Auto, E-mobility and Fleet Management in Prague in early June

April 15, 2013 | 12:09am CEToriginal
Speakers from KPMG, Skoda, Hyundai, PSA, Volvo, Plastika, Witte, CEZ, RWE, E.ON or CzechInvest; discounts and benefits for Autofox readers...
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Hunday Motor not to expand its plant in Czech Rep by 2018

April 15, 2013 | 12:03am CEToriginal
The reason is the decline in European market and the need to export cars from Nosovice outside Europe. Partial substitution of Korean factories...
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TPCA and unions agreed on wage growth of 1.9%

April 14, 2013 | 11:45pm CEToriginal
With regular bonuses for production workers it means wage increases by CZK 490. Regulated and optional vacation, bonus for every 5 years at the company...
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PSA and Toyota apparently prepare second model for Czech plant, TPCA denied it

April 11, 2013 | 12:19am CEToriginal
However, Toyota Aygo, Citroen C1 and Peugeot 107 mini cars are prepared for a generational replacement. Details of the new model, the development also in the Czech Republic...
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One of Valeo’s plants in Czech Rep hit by fire

April 3, 2013 | 12:49am CEToriginal
Location, focus and cause of the fire, the extent of damage, HR, profiles of three Czech plants and an R&D centre, products and clients...
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Manufacturer of automotive filters to invest in Czech Rep

April 2, 2013 | 01:21am CEToriginal
The company will lease a production facility from CTP Invest. Location, investor’s profile, production volume, HR, supplies for OEM and the aftermarket...
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Hyundai to increase wages in Czech plant by 3%

April 2, 2013 | 12:47am CEToriginal
Growth of annual bonus, increased contributions to pension and life insurance, the average salary in 2012...
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Hyundai to install advanced communications units in its cars, to be manufactured also in Czech Rep

March 25, 2013 | 02:59am CEToriginal
Location, HR, timing, developer of halls, functions (GPS, wi-fi, eCall), head-up display, Hyundai Blue Link/Kia UVO with Google Maps, Hyundai Connectivity Concept...
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Nitto Denko to place production for automotive industry in Czech Rep

March 20, 2013 | 01:52am CEToriginal
Location, products, customers from the Czech Republic and Europe, volume of production, HR, timing, reasons for investment, other products and clients...
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Schreiber: Bentley Falcon to be manufactured in Crewe or Bratislava

March 20, 2013 | 01:08am CEToriginal
Decision will be made within a few weeks. Annual production, supply of components, market entry, price, current orders...
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Volkswagen to change production management system, implementation to be performed by Capgemini

February 28, 2013 | 12:40am CEToriginal
Czech team in Mlada Boleslav, implementation in the Volkswagen Group factories of VW, Audi and Skoda in Germany and Central Europe, other clients...
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NOPO Engineering acquired new client Audi, also thanks to references of Skoda Auto

February 27, 2013 | 12:45am CEToriginal
Deliveries to Audi's new plant in Germany, the value of the contract, new orders in 2012-2013, customers from CEE, including Russia and Turkey...
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JTEKT to accept 100 people in one Czech plant by 2015

February 18, 2013 | 02:46am CEToriginal
The company has two factories in the Czech Republic. Location, production growth, HR, products and clients...
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KYB to build its second plant in Czech Rep in different location

February 13, 2013 | 02:35am CEToriginal
In addition, it will be a JV with a Japanese partner. Location and parameters of the plant, construction in two phases, the amount of investment, HR, customers...
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Skoda Auto introduced new logistics concept with external interim storage facility in Czech Rep

February 12, 2013 | 01:15am CEToriginal
Logistics and IT partner, affected plants and models, suppliers and their components, the timing of implementation...
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