You have 5 free articles left this month. Get your free Basic subscription now and gain instant access to more.

German EV maker Next.e.GO Bulgarian plant to start operations in Q1 2024

Author Radina Veleva
German EV maker Next.e.GO Bulgarian plant to start operations in Q1 2024 Photo: LinkedIn/ All rights reserved.

SOFIA (Bulgaria), July 15 (SeeNews) - The Bulgarian manufacturing facility of German electric car manufacturing startup Next.e.Go Mobile is scheduled to begin operations in the first quarter of 2024, the startup said on Thursday.

The new facility will be a cyber-physical twin of the original factory in Aachen, Germany, the company said in a press release.

“We are very pleased to expand our footprint into Bulgaria – a country with amazing human capital, competitive terrain and well-developed tech and industrial clusters,” Ali Vezvaei, chairman of the board of Next e.GO Mobile, said in the statement.

The construction of the new plant in Lovech, in northern Bulgaria, was announced by caretaker economy minister Kiril Petkov earlier this month. The construction of the plant, worth an estimated 280 million levs ($170 million/143.2 million euro), is expected to be completed by the end of next year.

The new plant will have a capacity to manufacture over 30,000 electric cars per year and will employ some 1,000 people.

Next.e.Go, founded in 2015, is specialised in the development and production of durable electric vehicles. The company has about 400 employees and benefits from a network of research and technology companies at its headquarters in the city of Aachen. Since 2018, Next.e.Go has been mass-producing its e.GO Life electric car at its plant in the Aachen Rothe Erde Industrial Park, according to information published on the company's LinkedIn profile.

(1 euro = 1.95583 levs)