Electric car factory in Greece: The investment will bring a thousand jobs Next e.go

The foundations of a significant investment of Next e.go Mobile in Greece were laid today.

The production of full-scale electric vehicles in Greece, “Electric Cars e.GO Made in Greece”, is entering the implementation phase today, after the signing of the “Letter of Intent to Cooperation” by Enterprise Greece Ministry of Foreign Affairs) and the company Next.e.GO SE, the only German company that manufactures electric battery vehicles.

The signing of the agreement took place today at noon online in the presence of Prime Minister Kyriakos Mitsotakis, and the heads of the relevant ministries, the Minister of Development and Investment, Adonis Georgiadis, the Deputy Minister of Development and Investment, Nikos Papathanasos and Anaprakhis , the general secretary of International Economic Affairs and president of Enterprise Greece, Ioannis Smyrlis and the Legal Advisor of Next.e.GO SE, Stavros Kostantinidis.

The project was presented by the Deputy Foreign Minister, responsible for Economic Diplomacy, Costas Frangogiannis, while the CEO of Enterprise Greece, George Filiopoulos, signed the agreement, together with the Chairman of the Board, Next.e.GO SE Prof. Ulrich Hermann.

“Greece is returning dynamically to the investment map of large companies. “A new perspective opens for our country with this agreement”, stressed ok. Φραγκογιάννης explaining that the facility will have a production capacity of 30,000-45,000 cars per year, while the amount of investment in the start-up phase is estimated at the amount of EUR 100 million and provided to employ 1,000 employees initially, while indirect jobs in the wider investment support ecosystem will amount to 5,500.

The two sides agreed on a “principle of cooperation”, which is planned the formation of a working group, in order to record the exact framework but also the conditions for the implementation of the large investment of the German company in Greece, which will be included in the projects of strategic importance and the relevant incentive framework since, in addition to car assembly, Next.e.GO SE will invest in the establishment of a Technology and Innovation Campus in our country, with respect for the environment and utilization of domestic human resources.

Based on the estimates, the full agreement will be ready in the next few days 3-6 months, while the project will be completed in 24 months until the full operation of an e.Go production unit in Greece.

The investment plan includes the production of metal parts, the external thermoforming, the final assembly of the vehicles and the quality control. Also the hiring of specialized staff and an extensive plan of continuous training at the company’s headquarters in Aachen, Germany. It is also planned to establish a Technology and Innovation Campus that will connect scientific and technological research with production.

Today’s Letter of Intent to Cooperation that we signed, stressed the CEO of Enterprise Greece, George Filiopoulos, “proves in practice what we claim from the beginning of the pandemic, that the country continues to show increased investment interest in implementing projects of significant economic impact on the nation. “Enterprise Greece continues, even in difficult conditions, to perform its work, to attract investments and to improve the country’s image abroad”.

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