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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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Original reports Autofox

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April 13, 2010 | 01:29am CEToriginal
This will occur a year and a half after sale of Maserati cars had been moved to a more attractive place. The new Ferrari showroom will be opened in...
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Prices of cars sold on Czech market dropped by 0.5% m/m in March

April 13, 2010 | 01:13am CEToriginal
Less expensive used cars became cheaper than new ones. However, prices of spare parts and service went up. Detailed info...
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Cebia: Those interested in origins and history of used car frequently checked Skoda, Volkswagen and Ford in 2009

April 13, 2010 | 12:57am CEToriginal
Growth in the number of queries to database of Autotracer, questions of individual brands, counterfeits of Cebia Report, the use of used car shops and dealers...
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Blue Events holds conference Fleet Management 2010 in Prague in late April

April 13, 2010 | 12:36am CEToriginal
The main topic of the event is to optimize fleet management in times of crisis. Speakers at the conference will be representatives of CAFM, Incoma GfK, Deloitte and others...
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Renault in April: Thalia fell by CZK 10,000, Grand Modus by CZK 15,000 and Kangoo by CZK 20,000

April 13, 2010 | 12:24am CEToriginal
When financing is used, customers receive discounts ranging from CZK 20,000 to CZK 50,000 and extended warranty for 3 to 5 years/60,000 to 150,000 km according to a model...
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AAA Auto plans to change sale concept of newish cars AAA Premium Auto

April 12, 2010 | 02:14am CEToriginal
During its existence, it has changed age and mileage limits. Another shift should be from newish cars to...
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Tachometer twisting in Czech Rep: Price frauds on buyers, disruption of service intervals, unfair dealer competition

April 12, 2010 | 01:45am CEToriginal
The number and structure of the Cebia checks in 2009, penetration at STKs in the Czech Republic and Germany, inspection of originality in Slovakia...
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Skoda in Czech Rep in Q1: Growth in sales by 31.7% and market share by 7.1pp, fleet sales still dominate

April 12, 2010 | 01:20am CEToriginal
All five Skoda models was placed in the Top 10, market share back above 30%. Registrations of individual models, growth in sales by 70% in March...
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IIR holding professional conference Production 2010 in Prague in mid-June

April 12, 2010 | 12:07am CEToriginal
The conference is linked with a workshop Production controlling and a workshop Kaizen Lean Strategy Model. Speakers at the event will be representing companies from the automotive industry...
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Car Importers Association improved estimate of car sales development in Czech Rep in 2010

April 9, 2010 | 12:57am CEToriginal
While in January the SDA expected a stagnation of passenger cars and light commercial vehicles at the level of 2009, it is now estimating an increase of…
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GE Money Auto: For buying car on credit until end of May weekend in Europe as gift

April 7, 2010 | 04:04am CEToriginal
The hotel voucher can be used in 200 hotels in 12 countries across Europe by Christmas 2011. Details of the special offer and autoCredit Weekend credit…
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Toyota Aygo Base Cool: Carmaker’s entry-model with air conditioning as standard, while keeping price below CZK 200,000

April 7, 2010 | 03:41am CEToriginal
Another novelty is the new package Red Edition for customers who want to have a red car both inside and outside. When using the funding...
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New brands in A. Charouz Motors’ portfolio caused sales changes in Prague

April 6, 2010 | 05:49am CEToriginal
The company will offer Jaguar and Land Rover brands in Pruhonice, while Cadillac, Corvette, Hummer, Spyker, Wiesmann and electric cars Micro-Vett in a new showroom in...
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Key Plastics expanding in Europe, buying certain plants of Paulman & Crone and Olho Group

April 6, 2010 | 05:15am CEToriginal
The U.S. company will take Olho-Technik plants over in Germany and the Czech Republic, which are in 2010 expecting a turnover of...
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Skoda Auto reduced number of suppliers by 77 partners in 2009, production purchase down by 10.6%

April 6, 2010 | 01:41am CEToriginal
The share and supplies of companies in the Czech Republic, Germany, Western Europe, Central and Eastern Europe; growth in the number of suppliers from Russia, India and China...
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Andrej Barcak jr. left A. Charouz, Pavel Silha Kia in Slovakia

April 6, 2010 | 01:13am CEToriginal
Both have moved to the Czech and Slovak representation of Opel, where the change of the organizational structure has been thus completed. Details of changes and the existing career of managers...
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Rehau keeps expanding production in Czech Rep, launched operating in new hall

April 6, 2010 | 12:58am CEToriginal
Since 2007, several investment projects in the plant based in Moravska Trebova have meant an acquisition of hundreds of jobs. Orders from existing and new customers...
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After 10 years at SkoFIN Roman Vavron leaving to group branch in India

April 6, 2010 | 12:41am CEToriginal
Jan Kloud has been promoted to the position of marketing director at SkoFIN. As of May, Vavron will be at Volkswagen Finance PVT on a post of...
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Citroen C4 Picasso Image: Special model with features for increased comfort from CZK 429,900

April 6, 2010 | 12:09am CEToriginal
Those interested in the basic equipment version X can pay extra CZK 30,000 for an automatic control of the air conditioning and Bluetooth/USB. The surcharge for C4 Grand Picasso amounts to...
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Government wants to improve trade in used cars, prepares news for STKs and car transfers

April 2, 2010 | 01:16am CEToriginal
The used car dealer Auto Esa and the association SOVA also want to participate on the amendment. A certified warrant of attorney in car transfers, qualitative control of identifiers for STKs...
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Denny (AAA Auto): We want to maintain profitability in 2010, sales at last year's level and to open one to three car centres

April 2, 2010 | 12:37am CEToriginal
Return to Hungary and entry into Russia is not realistic this year. The considered new branches in the Czech Republic and Slovakia, and sales in Q1...
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Kia Open Days/Spring Service Days: 10 favourable days at dealers with extended opening hours, including weekends

April 1, 2010 | 11:47pm CEToriginal
Action models, discounts on stock cars, service inspections, discount on spare parts for models already not being produced...
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