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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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Toyota and PSA to reduce production at Czech plant in 2012

February 8, 2012 | 01:11am CEToriginal
TPCA is considering limiting production and dismissing employees. Planned production, collective negotiations, dismissal at suppliers such as Lear...
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Volkswagen to increase production of mini cars in Slovakia from April

February 6, 2012 | 12:26am CEToriginal
The factory will accept 650 people for the third shift. This step will start production in continuous operation like in case of SUVs...
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S.N.O.P. to increase production in Czech Rep

February 1, 2012 | 03:35am CEToriginal
The company has expanded one of its Czech plants and will soon start production in the new facility. Location, customers...
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JTEKT wants to expand production in Czech Rep by 2015

January 31, 2012 | 03:50am CEToriginal
That will require installing new lines and adding additional shifts in one of the Czech factories. Details, customers, new orders...
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Citroen DS1: Production to begin in Czech Rep in 2013 together with second generation of C1

January 30, 2012 | 01:13am CEToriginal
Citroen would thus extend the DS series with a fourth model. Premiere of the DS1 concept, considered engines from BMW, spare capacity in Kolin...
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One of S.N.O.P.’s Czech plants hit by fire

January 23, 2012 | 12:45am CEToriginal
The company is currently expanding it. Location, employees, customers, cause of the fire, the extent of damage...
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Rudolf Dreithaler moved within Skoda Auto to board chairman’s team

January 11, 2012 | 03:40am CEToriginal
After more than a year he left the department of communication of the Czech carmaker. Jozef Balaz became the new spokesperson for production and corporate affairs...
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TPCA decreased production by 8.5% in 2011

January 10, 2012 | 12:27am CEToriginal
The reason is a decline in demand for small cars in key markets of Western Europe. Facelift of mini cars...
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Kia Motors replaced head of Slovak plant after a year

January 6, 2012 | 02:02am CEToriginal
Eek-Hee Lee became the new president of Kia Motors Slovakia. His predecessor, Myung-Chul Chung went to...
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Toyota and PSA choose new production head at Czech plant after six months

January 4, 2012 | 12:58am CEToriginal
Jiri Cerny was replaced by Jim Crosbie on the post of vice president for production at TPCA, who came from...
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Hyundai Motor increased production by 25% in Czech Rep in 2011

January 4, 2012 | 12:38am CEToriginal
The volume of production of individual models Hyundai i30, Hyundai ix35, Hyundai ix20 and Kia Venga...
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Hyundai ceased production of first generation i30 hatchback in Czech Rep

December 26, 2011 | 11:16pm CEToriginal
Generational replacement of the station wagon and coupe will be carried out in H2 2012. Details of the terms...
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Hyundai Motor replaced head of Czech plant after year

December 22, 2011 | 03:14am CEToriginal
The new president of Hyundai Motor Manufacturing Czech has come from Ulsan as well...
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Volkswagen to invest EUR 50 million in expansion of car production in Slovakia

December 20, 2011 | 01:54am CEToriginal
The automaker wants to increase production capacity of SUVs in Bratislava. The timing, production plans, a new mill and welding shops, HR...
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Volkswagen to invest EUR 1.5 billion in Slovakia by 2016

December 15, 2011 | 04:09am CEToriginal
At the same time the automaker will create there 1200 new jobs. Construction of a new welding shop in 2012...
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PSA launched production of Peugeot 208

November 28, 2011 | 01:08am CEToriginal
Production in three factories in Europe, planned annual volume, the parallel production of 207 and 208, expansion of the plant in Slovakia...
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New investor heading for zone near PSA and Toyota’s Czech JV, possibly automotive supplier

November 16, 2011 | 12:15am CEToriginal
Development company Panattoni bought land from the city of Kolin, the company is said to have more potential tenants...
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Brano Group plans to invest EUR 20 million

November 2, 2011 | 03:04am CEToriginal
For the years 2011 and 2012, the company reckons with revenue growth and expansion outside Europe. Products and customers...
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Volkswagen to replace plant manager in Slovakia within rotation

November 1, 2011 | 12:52am CEToriginal
Andreas Tostmann leaves for Seat, Albrecht Reimold comes from Audi. Tostmann’s new position…
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Futaba intends to gain more non-Japanese customers in Europe

October 31, 2011 | 12:13am CEToriginal
The plant in the Czech Republic (the only one in continental Europe) expects sales growth, stagnation of the production of Japanese cars, decline in demand for exhausts. Clients, changes in management...
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BASF expands with engine coolant Glysantin in CEE

October 31, 2011 | 12:06am CEToriginal
This applies to both aftermarket (Czech Republic, Slovakia, Romania) and OEM (TPCA, Kia, Hyundai). Development of the liquid for EVs...
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PSA Peugeot Citroen to cancel 6,000 jobs in Europe, this does not apply to Czech Rep

October 26, 2011 | 09:51pm CEToriginal
Deterioration of the outlook of profit in 2011, a plan to reduce costs in 2012, revenue growth in Q3 driven by subsidiaries Faurecia and Gefco, shutdowns in France...
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Volkswagen wants to build a new factory for small cars in Brazil

October 26, 2011 | 09:45pm CEToriginal
The amount of investment, production capacity, investment financing by a local state bank, possible models produced (VW Up!)...
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PSA Peugeot Citroen to reduce production in Slovakia

October 20, 2011 | 01:44am CEToriginal
This time it is not caused by a supply loss of components, but the decline in orders. Dates of the shutdowns in October and November...
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Conference on automotive industry in Czech Rep and Central Europe to be held in Brno in late October

October 20, 2011 | 01:31am CEToriginal
This is the eighth year of the professional event. Speakers from associations, OEMs, suppliers, banks, consulting firms, service providers...
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