“We do not envision Greece simply as a country that is competitive in terms of services. We want to be competitive and in high-tech manufacturing sector“and I consider that we are taking an important first step in this direction”, stressed the Prime Minister, Kyriakos Mitsotakis, during the teleconference between her Enterprise Greece and the company Next.e.GO for the production of electric cars in Greece.
“The issue is not just the construction of a new car but a different way of envisioning how production will take place in the age of the internet of things. And it also allows us to complete the project in a much shorter period of time compared to traditional industrial construction schedules car production units“, Stressed Kyriakos Mitsotakis, and pointed out the need” the first electric vehicles “made in Greece” to be built within the planned schedule. “
“Greece is rapidly transforming into a country that is open to advanced foreign direct investment, such as the one we are working on today. “We offer not only a strong package of financial incentives but also access to a workforce that is talented and highly qualified,” said the prime minister.
The identity of the investment plan
The company Enterprise Greece (Hellenic Investment and Foreign Trade Company SA), which is the competent national body, under the supervision of the Ministry of Foreign Affairs, to attract investments in Greece and promote exports, signed a Letter of Intent to Cooperate with the Next.e.GO SE, which lays the foundations for the implementation of a strategy for the national economy, investment of full scale production of electric cars in Greece.
The investment plan, as formulated based on the negotiations so far, envisages the construction of a Next.e.GO factory in Greece, which in the first phase will be able to produce up to 30,000 electric cars per year, and the establishment of a Technology Center and Innovation for research purposes.
In the start-up phase, the investment is estimated at 100 million euros. It is predicted that they will be created 1,000 direct jobs in the factory, many of which will be covered by specialized staff, and will be created in addition 5,000 indirect positions in the wider catering and service ecosystem which will support the industrial unit.
As the investment plan includes the production of metal parts, exterior thermoforming, final assembly of vehicles and quality control, it is expected to create a strong local network of suppliers to serve the needs of the factory, giving additional impetus to the economy.
The planned investment is “green”, promoting it circular economy and based on exceptional low shows carbon dioxide of coal, while demonstrating that the central policy for “Green” transformation promoted by the government attracts powerful private sector actors.
In combination with its investment Volkswagen for pilot conversion of Astypalea into an island of electrification, it turns out that Greece is cultivating a brand name in terms of the development and application of new technologies, environmentally friendly. Following the announcements by Microsoft, the Volkswagen and Pfizer, Next.e.GO’s advanced interest also shows that, despite the pandemic and the economic impact it has caused worldwide, the work of attracting strategic investors to Greece continues successfully, especially in the field of technology and research.
At the same time, a flow of know-how and training is ensured, which contributes to its fight brain drain, as Next.e.GO’s investment plan provides for regular staff training in Aachen, Germany, where the company is headquartered and is a major research hub.
The teleconference was attended by the Minister of Development and Investment Adonis Georgiadis, the Deputy Minister of Development in charge of Private Investments and Public-Private Partnerships, Nikos Papathanasis, the Deputy Minister of Development in charge of Economic Diplomacy and Extroversion Costas Frangogiannis, the General Secretary of International Economic Relations and Extroversion and President of Enterprise Greece Giannis Smyrlis and the CEO of Enterprise Greece, George Filiopoulos.