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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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AutoSAP: Vehicle production in Czech Rep increased by 8.2% in 2016

February 9, 2017 | 11:23pm CEToriginal
While production of cars and trucks increased, production of buses and motorcycles recorded a decline. The 2017 outlook of AutoSAP, Komercni banka and PwC...
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Hyundai won two tenders in Czech Rep

January 24, 2017 | 11:40pm CEToriginal
It will supply two state-owned companies with several hundred cars manufactured in Nosovice. The companies, participants of competitions, winning models, the number of vehicles, the value of contracts...
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Car production in Slovakia up by 0.1% in 2016 to new record

January 18, 2017 | 05:31am CEToriginal
Slovakia remained the largest car producer per capita, according to ZAP. While production of PSA and Kia increased, production of Volkswagen declined. ZAP outlook for 2017, HR...
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Bohdan Wojnar became new president of Czech Automotive Industry Association

December 20, 2016 | 11:41pm CEToriginal
He has been elected for a longer period than his predecessor Martin Jahn. The new vice president and two members of the Board of Directors, the Lifetime Achievement Award...
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Only one candidate for president of Czech Automotive Industry Association

December 13, 2016 | 11:57pm CEToriginal
He may not be elected next week though. Other items on the agenda of the meeting of AutoSAP Board of Directors...
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Toyota appointed new head of joint venture in Czech Rep

December 12, 2016 | 11:40pm CEToriginal
It is a planned personnel change of Kenta Koide, who held the post for four years. His successor, Koide's new job...
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Hyundai ended production of one model in Czech Rep, replaces it with another

December 12, 2016 | 12:18am CEToriginal
Reasons, affected models, Hyundai i30 hybrid, timing, production plans of the Nosovice plant for 2016 and 2017, a decline in profitability...
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Kia to double investments in Slovakia in 2017

December 8, 2016 | 03:02am CEToriginal
Investments in the Zilina plant in 2016, the plan for 2017, HR, logistics, models, the most popular colours, the 10-year anniversary of production...
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Toyota and PSA cut night shifts in Czech plant

December 7, 2016 | 03:21am CEToriginal
Parts of TPCA staff do not like it because their work week expands by one day. Related measures, a research of a US university...
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Hyunnam Automotive to expand plant in Slovakia

December 4, 2016 | 11:55pm CEToriginal
The location, amount of investment, a new hall and technology, product portfolio expansion, HR, timing, clients, investment incentives, closing a trade office in the Czech Republic...
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Volkswagen to expand aggregate production in Slovakia

November 22, 2016 | 11:33pm CEToriginal
The German carmaker is continuing at a high investment rate in this Eastern European country. Location, amount of investment, HR, timing...
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Volkswagen solves shortage of qualified people in Eastern Europe also through lending staff within Group plants

October 25, 2016 | 11:57pm CEToriginal
The current case, the factories affected, the number of staff, timing, ongoing recruitment, increased pressure on the labour market due to the arrival of Jaguar Land Rover...
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Brno to hold conference on automotive industry in Czech Rep and Central Europe

October 13, 2016 | 03:28am CEToriginal
Speakers from Skoda, Hyundai, TPCA, Kia, Jaguar Land Rover, Iveco, Tatra, KPMG, Brano, ESAB, Motor Jirkov, Minerva or CzechInvest; announcement of the Enterprise of the Year...
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Toyoda Gosei to increase production in Europe

October 4, 2016 | 11:42pm CEToriginal
Extension of the Czech plant, products, HR, timing, new orders for Japanese and European carmakers...
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Financial problems of Hanjin Shipping may affect also Czech plant of Hyundai Motor

September 12, 2016 | 11:38pm CEToriginal
According to the automaker, they will not have any major impact on car production. However, they have a major impact on the number of logistics companies and distributors. The threat of additional costs, volume of blocked parts...
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Unions and management of Czech plant of Toyota and PSA agreed on new collective agreement

August 23, 2016 | 11:39pm CEToriginal
Validity longer than one year, the 13th salary increase, the introduction of a bonus for the amount of cars produced, senior program, new shift model, timing...
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Dispute of Volkswagen with two suppliers affected one plant in Slovakia

August 23, 2016 | 11:29pm CEToriginal
Location, products, number of employees affected by the restrictions on production...
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SDA: Registrations of new cars in Czech Rep fell by 12.5% in July

August 3, 2016 | 11:26pm CEToriginal
The fall was tempered by Mercedes, VW and Renault. The end of more than two-and-half-year growth, factors, consumer demand for operating leases, commercial vehicles, the results for seven months...
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AutoSAP: Brexit to increase risks for Czech car and parts makers, not dropping exports significantly

July 18, 2016 | 11:33pm CEToriginal
However, restrictions on the free movement of goods or different regulation might result in complications. Automotive businesses of the Czech Republic and UK...
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Employees of Czech plant of Toyota and PSA voted for strike

July 14, 2016 | 09:47pm CEToriginal
In wage tariffs and shift surcharge, unions have higher requirements than proposed by an intermediary. Details, further negotiations...
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Volkswagen factories in Slovakia to have company-wide holiday

July 7, 2016 | 11:29pm CEToriginal
However, this relates to two of the four plants only. Locations, dates of summer shutdown, the affected employees, technological and structural adjustment of facilities...
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Company-wide holiday at Czech Hyundai plant to begin soon

July 3, 2016 | 10:39pm CEToriginal
The term of a two-week summer shutdown of production, which the company uses for repairs, adjustments and cleaning of production lines…
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Company-wide holiday to begin at Czech Skoda Auto’s plants

July 1, 2016 | 12:04am CEToriginal
It will, however, be several weeks earlier than in 2015. A summer production shutdown at the Czech plant of Toyota and PSA will be later though. Installing of new robots...
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LMC Automotive: Car sales in UK to fall by 15% by 2018

June 27, 2016 | 11:57pm CEToriginal
Revision of the forecast, the consequences of the Brexit referendum, the biggest impact on production in Germany, Spain, United Kingdom, France, Czech Republic and Poland...
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Unions in Czech plant of Toyota and PSA not adopted mediator's proposal

June 19, 2016 | 11:56pm CEToriginal
However, TPCA is going to apply it. Content of the recommendation, timing, announcement of a strike alert, further extension of the current collective bargaining agreement...
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