AGP Executive Report
Last update: 3 hours agoAutomotive electrification in Slovakia: Hyundai Mobis has started mass production of power electric (PE) systems at its new Nováky plant, its first PE facility in Europe, with capacity for 280,000 EVs a year and an investment of about €184m; it makes stators and inverters and will supply Hyundai Motor and Kia, with plans to broaden customers. EV plant automation: Dürr is equipping Volvo’s first fully electric Košice plant with automated final assembly, including conveyor, fluid filling and end-of-line testing, designed for future EU coolant and refrigerant rules, with production due to start in 2027. Industrial jobs pressure abroad: A confidential Volkswagen report says production could end at German sites (Emden, Zwickau, Hanover, Neckarsulm) between 2031-2034, with output redistributed across Europe, including a shift of an Audi model to Bratislava. Energy policy & renewables: Slovakia says it has met EU commitments on wind acceleration zones by mapping the territory for one zone instead of eight, leaving final build decisions to local authorities. Workforce snapshot: Slovakia’s average nominal salary rose 3.2% to €1,707 in Q2, while unemployment climbed to 5.6% (152,800 people). Food security: President Pellegrini urged stronger food self-sufficiency as drought threatens agriculture, calling for systematic preparation. Crisis readiness: Slovakia launched a major civil protection exercise to test state response to drone attacks, mass-casualty events and airspace violations.
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