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SeAH FSI (manufacturer of fluid systems for automobiles and home appliances with 19 workplaces in 6 countries – South Korea, China, Thailand, Mexico, India, Indonesia; customers: Hyundai, Kia, General Motors/GM, KG Mobility/KGM, Renault, Nissan, Tesla, BMW, Stellantis, Geely, Lotus, Lynk & Co, BYD, XPeng, Li Auto, GAC Motor, Aion, BAIC, TI Fluid Systems, Cooper Standard, Nobel Automotive, SumiRiko Italy/Sumitomo Riko Group, Hutchinson, Inalfa Roof Systems, Webasto, FTE Automotive, Hitachi Cable America, Metalfab Manufacturing, Xandor Automotive, Industrial Quality Management Sdn Bhd/IQM, Hanil Tube, Iljin) to build plant in Ostrava, Czechia for brake and fuel lines made of thin-walled small-diameter steel tubes for automotive industry, first in Europe. Company leased Hall M2 (2,673 sqm, two-thirds for light manufacturing, one-third for storage, 465 sqm of office space; rooftop photovoltaic/PV power plant) in P3 Ostrava Central from P3 Logistic Parks, trial production to begin (SOP) in H2 2026, with serial production starting in 2027. Company to use dedicated testing laboratory located inside hall for product testing, quality control. Initially, SFI Europe to employ around 35 people, gradually growing up to 60 employees. Company to supply leading European carmakers from Czechia. Sam Kim appointed as Managing Director of SFI Europe. SeAH Global has been operating in Europe since 2014 through Inox Tech based in Italy
December 10, 2025 | 07:57am CETflashread more
KBA: New car registrations in Germany up by 2.5% in November (motorcycles -67.3%; buses +82.3%; vans/trucks +1%; trailers +1.4%). Electric vehicle sales grew by 58.1% to 88,174 units (55,741 BEVs +58.5%, 32,433 PHEVs +57.4%), representing share of 35.2% (22.2+12.9%)
December 10, 2025 | 07:51am CETflashread more
SMMT increased 2025 UK new car sales (registrations) outlook from 1,986,000 (+1.7%) to 2,012,000 (+3%), of which battery electric vehicles (BEVs) from 472,000 (+23.6%) to 469,000 (+22.8%), and 2026 forecast from 2,019,000 to 2,032,000, of which BEVs from 569,000 to 574,000. Simultaneously, association published its first estimate for 2027 at 2,058,000 cars, of which 663,000 BEVs
December 8, 2025 | 07:57am CETflashread more
AutoSAP: 24,713 (passenger) electric vehicles produced in Czechia in October (+20.7%; 20,953 battery electric vehicles, +34.8%, 3,760 plug-in hybrids, -23.6%), of which 24,701 cars (+20.7%; Škoda: 17,006 BEVs, +29.1%, 2,597 PHEVs, -9.8%; Hyundai: 3,935 BEVs, +66.7%, 1,163 PHEVs, -43.1%) and 12 buses (SOR: 1 BEV; Škoda Electric: 0 BEVs; Iveco: 11 BEVs)
December 8, 2025 | 07:53am CETflashread more
China expanded export restrictions on rare earth elements (REE; including alloys) on November 8, which are important for automotive industry and other sectors (magnets, battery cells, semiconductors, green energy). China's Ministry of Commerce added five more metals (holmium, erbium, thulium, europium, ytterbium) to list of seven elements (samarium, gadolinium, terbium, dysprosium, lutetium, scandium, yttrium) with restricted exports, bringing list to 12 metals (out of total of 17 REEs)
December 8, 2025 | 07:48am CETflashread more
Electric vehicle drivers consumed 2,660 MWh of electricity (+6.4% q/q, +45% y/y) in PRE Point public charging network in Czechia in Q3 during 136,000 recharges (+6.3% q/q, +39% y/y) at 874 charging stations (785 owned by Pražská energetika, 89 in partnership mode), 7,610 MWh (+47%) in Q1-3. Average electricity consumption per charging increased to 30.3 kWh at ultra-fast charging (UFC) stations, utilization according to charging station performance to 3.66% (time utilization to 7.55%). Our PRE Point network reached 4% utilization in September for first time in history in terms of performance and even significantly exceeded 8% in terms of time, Hladík said, adding that PRE plans to operate 900 public charging stations by end of 2025
December 8, 2025 | 07:44am CETflashread more
Electric vehicle drivers consumed more than 770 MWh of electricity (+23% m/m; Prague: 139,536 kWh, South Moravian Region: 115,493 kWh, Vysočina Region: 102,527 kWh, South Bohemian Region: 87,463 kWh, other regions: 324,981 kWh) during 32,625 recharges (+25% m/m) in E.ON Drive public charging network in Czechia in October, 5,798 MWh during 247,625 recharges at 706 charging points at 344 stations in more than 220 locations in first 10 months. Consumption increased most in Olomouc Region (+59% m/m). In Olomouc Region, we also recorded higher use of our charging location for heavy goods vehicles and buses in Mořice. While we had units of charging there monthly after opening in July, we are currently talking about dozens. In addition to trucks, long-distance buses (coaches) that have Mořice on their routes are also charging there, Klíma said
December 5, 2025 | 07:49am CETflashread more
AutoSAP: Car production in Czechia down by 12.2% y/y to 124,600 in October (Škoda+SEAT/Cupra -12.7%, Hyundai -20.5%, Toyota +2.4%). Buses (Iveco +31.5%, SOR +23.3%, Škoda Electric 0 units), motorcycles (Jawa +72.2%) successful differently. Electric car production increased by 20.7% to 24,701 BEVs and PHEVs, while internal combustion engine car (ICEV) manufacturing decreased by 17.7% to 99,899 units
December 5, 2025 | 07:44am CETflashread more
ACEA: New car registrations in EU up by 5.8% in October (Volkswagen +7.9%; Stellantis +6.6%; Renault +10%; Toyota -10.8%; Hyundai +0.1%; BMW +8.7%; Mercedes-Benz +2%; Ford -8.8%; Volvo Cars -7.6%; SAIC +56%; Nissan -3.2%; Suzuki -8.8%; Tesla -48%; Mazda -9%; BYD +195%; Jaguar Land Rover -12.5%; Honda +10.9%; Mitsubishi -47.9%), individual fuel/power types successful differently (BEV +38.6%, PHEV +43.2%, HEV+MHEV +9.4%, FCEV+NGV/CNG+LPG+biofuel/ethanol +18.6%, petrol -14.3%, diesel -21.9%)
December 4, 2025 | 07:57am CETflashread more
SDA: New car registrations in Czechia up by 10.6% in October (vans +22.6%; trucks +1.1%; buses +1.6%; motorcycles -14.1%; trailers+semitrailers +4.4%), individual fuel/power types successful differently (BEV: 1,264 -14.3%, PHEV: 986 +85.3%, LPG: 595 +44.4%, petrol: 16,238 +17.2%, diesel: 4,215 -12.2%). Regarding internal combustion engine (ICE) cars (20,453), 5,474 of them were HEVs+MHEVs (+40.7%)
December 4, 2025 | 07:48am CETflashread more
Take Charge Europe: European Union (EU) should maintain its 2035 zero-CO2 emissions target for new cars and vans, over 50 other CEOs and business leaders from Europe’s e-mobility ecosystem, including vehicle manufacturers, battery producers, charging providers, software developers, material suppliers, electricity suppliers, engineering service providers and grid operators (Nio, Easelink, Eldrive, Electric Avenue, Enapi, Etrel, EVwire, Flexecharge, FlexiCharge, Mennekes, Orange Charging, Phoenix Contact, PlugSecure, PowerGo, Skwatt, TandemDrive, TEAG/Thüringer Energie AG, Technagon, The Mobility House, Tridens, Verize, WattEd, Yusco), said in joint call by associations E-Mobility Europe and ChargeUp Europe. On contrary, representative of Rivian, in which Volkswagen/Porsche Automobil Holding SE holds 12.1% interest, disappeared from list of more than 200 top managers
December 3, 2025 | 07:57am CETflashread more
Operating Sphere
Hyundai aims to borrow EUR 250 million for plant completion in Russia
April 27, 2009 | 04:21pm CEToriginalThe plant’s building in Russia started in Russian St. Petersburg in last June. The originally planned date of production starting…
read moreCCS: Fuel more expensive last week in Czech Rep
April 27, 2009 | 02:29pm CEToriginalThe reason was predominantly the weakening Czech koruna in the previous weeks. A litre of petrol has become more expensive by...
read moreTruck manufacturer Volvo suffered a loss at revenues fall of 26.8% in Q1
April 27, 2009 | 01:54pm CEToriginalAnalysts, however, expected the loss lower. Despite the negative results, the company will not further dismiss its employees, but...
read moreNosovice-based Hyundai plant to deliver vehicles to Mexico
April 27, 2009 | 10:18am CEToriginalHyundai will thus become the first Czech carmaker which is going to start selling its vehicles in Mexico. The vehicles will be delivered from Nosovice also to...
read moreChrysler's Canadian employees agree on wage-cutting by one fourth due to alliance with Fiat
April 25, 2009 | 07:27pm CEToriginalAnother option of saving is limitation of daily working hours by...
read moreFord suffered a loss of USD 1.43 billion in Q1
April 25, 2009 | 07:23pm CEToriginalIn the same period of 2008 the carmaker posted a net profit of USD 70 million. The company’s revenues decreased by...
read moreEmployees from Bratislava-based Volkswagen to help with production in Skoda Auto temporarily
April 25, 2009 | 05:39pm CEToriginalThey will primarily help with the Fabia model production to which there is a long waiting time due to scrap bonus.
read moreBrno-based car fair Autosalon to welcome 37 brands at the beginning of June
April 24, 2009 | 07:51pm CEToriginalTotal of 39 brands took part in the last year of Autosalon in 2007. This year, there will be…
read moreSouth Korean carmaker Kia returned to profit in Q1 at revenues fall of 6%
April 24, 2009 | 07:07pm CEToriginalAnalysts expected profit in Q1, but significantly lower than in reality reported net profit of...
read moreChrysler on edge of bankruptcy, Fiat probably to prefer purchasing Opel
April 24, 2009 | 06:17pm CEToriginalThe US Ministry of Finance has called upon the Chrysler carmaker today to prepare for...
read moreVAT deduction increased car interest less than it was expected
April 24, 2009 | 05:44pm CEToriginalIn addition, there are few cars on the market. Customers must watt for some cars for even several months, including the best selling car…
read moreRobert Bosch significantly decreased revenues in Q1, expecting fall by 15% in 2009
April 24, 2009 | 02:08pm CEToriginalThe company expects a gross loss after last year’s profit of EUR 940 million. The world’s car production will, according to Bosch, fall by…
read moreDemand for new utility vehicles in Europe dropped by 32.9% in March
April 24, 2009 | 01:28pm CEToriginalCzech registrations of new commercial vehicles decreased by 44.3%, in Slovakia by 45.4%. Registrations fell throughout Q1 by…
read moreHyundai’s profit dropped by 42.7% in Q1 along with sales revenues decline by 26.4%
April 24, 2009 | 11:39am CEToriginalThe results were though better than expected by analysts mainly due to the weak won. Profit margin has dropped to…
read moreGeneral Motors to close 13 plants in USA and Mexico temporarily
April 24, 2009 | 10:58am CEToriginalThe closures will be under way from May till July. Their duration will vary according to a particular plant. GM intends to cut production this way by...
read moreCourt in Usti halted insolvency proceedings in BTV plast
April 23, 2009 | 11:43pm CEToriginalLiberec-based company Eurostav, which initialized the proceedings on April 20, has...
read moreLukoil being interested in Ceska rafinerska, aiming to extend petrol stations net
April 23, 2009 | 11:31pm CEToriginalLukoil’s entry to Ceska rafinerska is not possible yet because of the first option of other shareholders...
read moreFiat intends to take over Opel, according to works council
April 23, 2009 | 11:04pm CEToriginalFiat might sign a preliminary agreement on purchase of Opel's major share already on...
read moreContinental’s employees protested against plants‘ closure today
April 23, 2009 | 10:55pm CEToriginalThe protest has been under way during a shareholders‘ meeting. In two factories in Germany and France, there are at risk…
read moreFaurecia suspended expansion in Czech Rep, projected plant in Karvina not to be built
April 23, 2009 | 09:39pm CEToriginalProjects that were supposed to constitute the Karvina-based plant's production have been transferred or remained in other plants manufacturing exhausts of the Faurecia group...
read moreSvejnar: Scrap bonus is asocial measure, supports car owners only
April 23, 2009 | 07:58pm CEToriginalA prospective initiation of scrap bonus in the Czech Republic will have no big positive effect on the economy, according to Svejnar, because...
read moreCrisis marked also the regional Liberec Motor Show
April 23, 2009 | 07:23pm CEToriginalThere are 12 brands displayed at the 19th year of the motor show, which has started on Wednesday. The exhibitors present here…
read moreSkoda Auto considers Fabia model ‘s production also in Vrchlabi
April 23, 2009 | 06:44pm CEToriginalFabia models are currently the most required due to the scrap bonus and the carmaker does not want to lose customers because of the long waiting time. In March, the Fabia model’s sales amounted to...
read moreFiat fell in loss of EUR 410 million, negotiating with Chrysler further on
April 23, 2009 | 05:11pm CEToriginalThe reason was rapid decline of car sales caused by the global economic crisis. Fiat's revenues have declined by...
read moreToyota's sales dropped by 27% to 1.767 million cars in Q1
April 23, 2009 | 04:35pm CEToriginalToyota has thus kept position of the largest car dealer in the world ahead of the competing Volkswagen with a difference of...
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