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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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Fuel and Energy Suppliers
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Car Motors MB moved its showroom in Prague

August 16, 2012 | 03:26am CEToriginal
The company is an independent dealer and repairer of Mercedes-Benz and AMG cars. Location, partners...
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NKT Cables expanded fleet with EVs in Czech Rep

July 24, 2012 | 02:46am CEToriginal
The company has thus extended cooperation with the leasing company LeasePlan. Model, renting period, GreenPlan project, Citroen C-Zero test vehicle for LeasePlan clients...
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Business Lease and E.ON expanded cooperation in Central Europe

July 18, 2012 | 02:30am CEToriginal
Business Lease has been managing fleet of E.ON in the Czech Republic and Hungary for many years, newly the cooperation has expanded to...
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CEZ considers changing e-mobility strategy in Czech Rep

July 10, 2012 | 12:47am CEToriginal
The company wants to create a uniform network of fast charging stations across the country. Details of the project, locations, construction of chargers in 2012...
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Charging station for EVs launched by first dealer in Czech Rep

June 21, 2012 | 01:46am CEToriginal
Peugeot dealership name and location, the launch of the Peugeot iOn sales in the dealer network and for cash, the installation of mobile chargers at selected dealers...
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AAA Auto plans to trade in used EVs

June 21, 2012 | 01:03am CEToriginal
The company began to build charging stations at its branches, and plans to test electric vehicles and focus on used cars conversions to electric ones...
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CEZ acquired other partners for e-mobility project

June 18, 2012 | 06:10am CEToriginal
The company and its partners have already been operating 13 public charging stations in the Czech Republic. New partners, a system of paying for electricity...
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RWE launched its first charger for EVs in Czech Rep

June 4, 2012 | 06:23am CEToriginal
It is a station for slow and fast charging. Location, parameters of the combined charging station, free charging until the end of 2012, activities in Germany...
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Opel Choices 2012: Opel offers three benefits with three choices at weekend when buying new car

May 30, 2012 | 04:20am CEToriginal
Customers will have a choice of six bonuses offered in Czech and Slovak dealer networks. Details of the event...
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Smith Electric Vehicles created sales office for Europe, Marcus Pauels became head

May 18, 2012 | 03:54am CEToriginal
Locality, continued cooperation with the Czech plant of Ashok Leyland, current and potential customers globally and in the Czech Republic, sales, Ford and Avia EVs...
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Hart expands in Central Europe

May 7, 2012 | 12:50am CEToriginal
This Polish distributor of spare parts expanded outside Poland in 2008, now intends to strengthen its position in the Czech Republic. Details, suppliers...
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Auto Charouz sold 722 new Ford cars in March, market share reached about 40 %

April 5, 2012 | 03:46am CEToriginal
Record month of December 2011, charging stations by E.ON within car showrooms, cars of the limited edition Twenty One/21 in basic equipment...
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Honda holds spring service campaign with car inspection for CZK 99 in April

March 29, 2012 | 04:14am CEToriginal
The amount of discounts on spare parts, pollen filters and assistance service Honda Assistance; a gift from Shell...
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Electric Car of 2012: Nissan Leaf won Czech competition, Opel Ampera also succeeded

March 27, 2012 | 04:21am CEToriginal
Participating EVs and HEVs, the ranking of models, evaluation system, members of the jury, the sales launch of Leaf in Germany and the Czech Republic...
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Simek (E.ON): If Skoda not to come with Fabia and Octavia on CNG, Czech market with this drive not to develop

March 21, 2012 | 12:00am CEToriginal
Skoda Auto’s CNG strategy, the introduction of CNG models because of the upcoming Euro 6, another CNG model after the Citigo, Skoda as a major fleet brand...
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Amper 2012: Manufacturers of EVs and HEVs to be present at 20th year of fair

March 19, 2012 | 01:54am CEToriginal
Competitions of Electric Car of 2012 and Golden Amper 2012, the conference "E-mobility Prospects", electric cars of Peugeot, Opel, Skoda, EVC...
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State to support development of e-mobility in Czech Rep

March 9, 2012 | 01:39am CEToriginal
Government agency CzechInvest became e-mobility partner of parastatal company CEZ. Support from project of Green Mobility...
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IIR holds E-Mobility conference in Prague in late February

February 23, 2012 | 03:53am CEToriginal
The second year of this event will focus on trends, forecasts, new EVs, EU support, or infrastructure development. Speakers at the conference will be...
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Citroen reduced price of C-Zero EV by 20% in Czech Rep

February 2, 2012 | 02:21am CEToriginal
At the same time, the importer has launched the second equipment version on the market, making the price by further 7% lower. Customers, expected sales in 2012...
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Arval took over RWE Group car fleet management in Czech Rep

November 20, 2011 | 06:16pm CEToriginal
The number of cars and categories, fleet renewal and the transition to operating leases, sale of discarded vehicles, an increase in portfolio of Arval CZ...
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E.ON to renew its fleet in Czech Rep with 90 Suzuki off-road cars

November 7, 2011 | 09:00pm CEToriginal
The fleet will also be extended with one new model. The selected models, their means and place of use, supplier-dealer...
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CzechBus 2011: 15 bus brands to join first year of trade fair CzechBus

November 1, 2011 | 12:44am CEToriginal
The brands, alternative drives, supporting program (conferences, workshops, contract meetings)...
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Spanish carmaker Santana Motor to cease activities

October 26, 2011 | 06:57am CEToriginal
Release of 1,300 people, declining production, leaving of strategic partners Suzuki and Iveco, end of production of Iveco Massif, the impacts in the Czech Republic (Dajbych, CEZ)...
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Charging stations for EVs will be supplied to CEZ by company which was established just before announcement of tender

October 19, 2011 | 02:01am CEToriginal
EmotionCar will supply charging stations for standard and quick charging. The supplier of stations, ICT solutions and construction; owners of the new company...
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Renault and Dacia hold winter service action in Czech Rep until mid-December

October 11, 2011 | 01:08am CEToriginal
When taking a vehicle inspection for CZK 200, the customer will receive discount coupons. Part of the event is an advantageous offer for tires and complete wheels...
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