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Porsche is investing over €1bn in Slovakia

German carmaker Porsche is investing over €1bn in a plant for the production of electric car battery modules in Horná Streda, creating 600 jobs. Initially, the investment should have come to €250m, but Porsche later increased it. Construction began in January and is being pulled back due to a slow permitting process by Slovak authorities. The plant aims to start production at the end of 2024, making batteries for the Porsche Cayenne model produced in Bratislava, for instance. The plant will also include a battery technology development center, with 60 engineers already working there.

Porsche already has a tool plant in Dubnica nad Váhom with 200 employees and €21m annual sales.

This is the third billion-euro investment in the local automotive sector in the last three years, after the new Volvo car plant and the expansion of Volkswagen's Bratislava plant.


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Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

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