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Štefek (PwC): Non-financial/ESG reporting (Environmental, Social, Governance; sustainability report) concerns 1,200-1,300 companies in Czechia (mainly large corporations purchasing new cars usually on operational leasing), many of them just getting to know issue of sustainability reporting (according to CSRD directive, start of effectiveness in 4 waves in 2025-2029, impact also on small and medium-sized enterprises/SMEs in subcontracting chain as part of calculation of carbon footprint of large enterprises) and is not yet significantly reflected in sales of electric vehicles (BEVs)
October 22, 2024 | 09:58am CETflashread more
Quality Days 2024: Czech Society for Quality (ČSJ) to hold conference on modern approaches in quality, improvement in Prague, Czechia on November 12 with separate section 'Quality in automotive industry'. Representatives of Škoda Auto, Bentley Motors, KION Stříbro, Cognexa, NQA, DQS Slovakia, VDA, ČAUI (Czech Association of Artificial Intelligence) to speak at event
October 22, 2024 | 09:53am CETflashread more
Stellantis extended production suspension of Fiat 500e BEV (September 13 – October 11) in Turin, Italy (Mirafiori plant) until November 1, due to continued weak demand. However, carmaker confirmed that it intends to invest EUR 100 million to equip model with more-performance battery
October 22, 2024 | 09:48am CETflashread more
National Development Bank (NRB) accepted 5,907 applications for 6,140 electric vehicles (5,946 passenger cars, 191 light commercial vehicles, 3 trucks), 2,696 charging stations in Czechia during almost seven months (30 weeks, March 18 – October 14) of duration of Electromobility Guarantee program (guarantee for loan and subsidy for battery or fuel cell electric vehicle and charging stations for companies and entrepreneurs). Bank concluded 4,581 guarantee contracts, approved another 237 applications, now assessing 1033 applications. Greatest interest is in Tesla cars (2,593 vehicles), followed by Volkswagen (569), Volvo (541), Škoda (533), BMW (288), MG (277), Mercedes (182), Hyundai (158), Kia (119) and SsangYong (104). Of total volume of allocated resources (CZK 1.95 billion/EUR 79 million for BEVs/FCEVs, chargers), 100% currently reserved, NRB paid out CZK 335.4 million (EUR 13.3 million) so far. However, these are not final results of programme, as registration of applications that NRB received before end of receiving applications continues, bank added
October 21, 2024 | 08:55am CETflashread more
Hydrogen Technology/Carbon Capture Expo Europe 2024: Representatives of Hyundai Motor Company, Airbus, ABB Energy Industries, AFRY, Air Liquide Engineering & Construction, Aramco, BASF Process Catalysts, Bilfinger, Capgemini Engineering, Cellcentric, CibusCell Technology, Dassault Systemes, DuPont Water Solutions, EnBW, E.ON Energy Projects, Everfuel, ExxonMobil Low Carbon Solutions, EY, Fraunhofer ISE, GE Vernova, GKN Hydrogen, Henkel, Holcim, Honeywell UOP, Horiba FuelCon, IBM Consulting, IdTechEx, KPMG, LBBW, Linde Engineering, Mitsubishi Corporation, Parker Hannifin, PwC Strategy&, Ricardo, Rockwell Automation, Schneider Electric, Shell Global Solutions, Siemens Energy, ThyssenKrupp Automation Engineering/Uhde, Trelleborg Sealing Solutions, TÜV Nord EnSys, Zeppelin Power Systems, eFuel Alliance, EBRD, EC (European Commission) to speak at conference on technologies for hydrogen, fuel cell and CCUS/CCS (carbon/CO2 capture, utilisation & storage) industry in Hamburg, Germany (October 23-24). Event divided into six thematic sessions – Strategic Forum, Hydrogen Production, Systems Integration & Infrastructure, Fuel Cell Design, Development & Manufacturing, E-Fuels & Hydrogen Propulsion, Carbon Capture, Utilisation, Storage & Blue Hydrogen
October 21, 2024 | 08:49am CETflashread more
GlobalData: Global new light vehicle sales down by 3.6% to 7.55 million in September, up by 0.4% to 63.77 million in Q1-3 (Western Europe -4.1% to 1.18 million, +1.1% to 10.08 million; Eastern Europe including Turkey and Russia +10.2% to 398,685, +17.4% to 3.36 million)
October 21, 2024 | 08:42am CETflashread more
Traction Battery Watchdog: Devinn (development company with 160 employees in Jablonec nad Nisou and Mladá Boleslav, Czechia; turnover over CZK 250 million/EUR 10 million) developed device for continuous monitoring of internal safety parameters of traction battery during storage and series production of electric vehicles (EVs), allowing continuous monitoring of values and alarm declaration (fire department, SMS, PCO) in case of exceeding limits. Compared to conventional thermal camera monitoring, Watchdog significantly increases time to react to safety risk. First customer is Škoda Auto with its plants in Mladá Boleslav and Kvasiny, Czechia
October 18, 2024 | 10:49am CETflashread more
Hydrogen Technology/Carbon Capture Expo Europe 2024: More than 800 exhibitors, including 3M, ABB, AGC Chemicals, AIP Automotive, Air Liquide, Air Products, Atlas Copco, BASF, Bibus, Bilfinger, Bosch, ContiTech, Cylinders Holding, Daido Steel, Donaldson, Dräger, DuPont, E.ON Energy Projects, ElringKlinger, Engie, Evonik, Freudenberg, GKN, Henkel, Hexagon Purus, Honeywell, Horiba, Ingersoll Rand, Kamax Automotive, Kawasaki Gas Turbine, Kyocera AVX Components, Linde Engineering, MAN Energy Solutions, Mann+Hummel, Mitsubishi Heavy Industries, Mitsui, Nippon, Parker Hannifin, Rheinmetall, Röchling, Schaeffler, Schneider Electric, Senior Flexonics, SIAD, Siemens, Sumitomo, SVÚM, ThyssenKrupp Automation Engineering, Toyota Motor Europe, Toyota Tsusho, Trelleborg Sealing Solutions, TÜV Nord, TÜV Süd and Voestalpine, to join exhibition on technologies for hydrogen, fuel cell and CCUS/CCS (carbon/CO2 capture, utilisation & storage) industry in Hamburg, Germany (October 23-24)
October 18, 2024 | 10:38am CETflashread more
Battery Value Chain as Opportunity: Czech Battery Cluster (ČBK), Central Bohemian Innovation Center (SIC), CzechInvest to hold in Prague on October 21 seminar on comprehensive view of battery ecosystem in Czechia. Event connects Czech universities, state administration, private sector with aim of strengthening cooperation in field of production, recycling, use of batteries. Representatives of Zebra Group, REMA Battery, Kovohutě Příbram, H Test (Htest), EcoTech Hub, Czech E-mobility Platform, VŠCHT, UCEEB ČVUT to speak at seminar
October 17, 2024 | 08:50am CETflashread more
Sales (deliveries to customers) of Volkswagen Group down by 7.1% in Q3, by 2.8% to 6.52 million in Q1-3 (VW -6.6%, -2.5%; Škoda +6%, +4.5%; SEAT+Cupra -4.4%, +7.7%; VW Commercial Vehicles -11.8%, +3.6%; Audi -16%, -10.9%; Bentley -35.6%, -26.6%; Lamborghini +18.7%, +8.6%; Porsche -7%, -6.9%; MAN -29.4%, -18%; VW Truck & Bus +28.4%, +20.5%; Scania +1.6%, +9.3%; International Motors/Navistar +40.5%, -2.1%). Competitive situation in China is particularly intense (Q1-3: -232,500), which is main reason for global decline in our deliveries (-191,100), Schubert said. Sales excluding China up by 0.9% (+41,400) to 4.47 million units
October 17, 2024 | 08:42am CETflashread more
National Development Bank (NRB) stopped accepting applications for Electromobility Guarantee program (guarantee for loan and subsidy for battery or fuel cell electric vehicle and charging stations for companies and entrepreneurs) on October 14 at 2:30pm, as allocated resources (CZK 1.95 billion/EUR 79 million for BEVs/FCEVs, chargers) were used up in almost seven months (30 weeks, March 18 – October 14). Support for electromobility continues in coal regions of Czechia (Moravian-Silesian Region, Ústí Region, Karlovy Vary Region), where NRB provides interest-free loans to small and medium-sized entrepreneurs as part of Transformation programme (CZK 500,000 to 100 million/EUR 20,000 to 4 million, maturity up to 10 years) for purchase of electric vehicles intended for delivery, service and other similar purposes
October 17, 2024 | 08:31am CETflashread more
National Development Bank (NRB) accepted applications for 5,631 electric vehicles, 2,427 charging stations in Czechia during more than six and half months (29 weeks, March 18 – October 7) since launch of Electromobility Guarantee program (guarantee for loan and subsidy for battery or fuel cell electric vehicle and charging stations for companies and entrepreneurs). Of total volume of allocated resources (CZK 1.95 billion/EUR 79 million for BEVs/FCEVs, chargers), 90% (CZK 1.75 billion/EUR 70 million) currently reserved, NRB paid out CZK 298 million (EUR 11.8 million) so far
October 16, 2024 | 10:31am CETflashread more
Financial Companies
Arval: Small and medium-sized companies to expand vehicle fleet, large companies to reduce number of cars
May 5, 2009 | 02:57pm CEToriginalMore than half of the firms assumes that the current financial crisis will not effect their vehicle fleet...
read moreInsurance market decreased growth rate to 4.4% in the Czech Rep in Q1
May 4, 2009 | 10:09pm CEToriginalThe cause of the dynamics reduction is a slowdown in growth of non-life insurance from last year's 5.4% to this year’s...
read moreLeasePlan: Used cars‘ prices increased by up to 10% in the Czech Rep during Q1
May 4, 2009 | 05:01pm CEToriginalThe price decline of used cars has stalled on the Czech market, the prices even increased during Q1. In the next months of this year…
read moreCCS: Fuel prices in Czech Rep stagnated last week
May 4, 2009 | 02:26pm CEToriginalPrices of fuel have not changed in Slovakia either. During the next seven days the prices will...
read moreGE Money to reduce staff this year, 40 people fired already
April 30, 2009 | 04:15pm CEToriginalThe forced departures are linked besides the flagging mortgage market and the instalment financing, even with...
read moreCCS: Fuel more expensive last week in Czech Rep
April 27, 2009 | 02:29pm CEToriginalThe reason was predominantly the weakening Czech koruna in the previous weeks. A litre of petrol has become more expensive by...
read moreGlobus to offer insurance, including car insurance in its hypermarkets
April 22, 2009 | 11:08pm CEToriginalGlobus will be offering household insurance, car insurance and travel insurance in special booths in its stores. The partner will be...
read moreUOHS: Erste Bank can be taken over by Weinviertler Sparkasse in Czech Rep too
April 21, 2009 | 06:27pm CEToriginalThe junction does not raise any serious misgivings about disturbance of economic competition because...
read moreNon-life insurance market up by less than 5% in Slovakia last year
April 21, 2009 | 04:18pm CEToriginalWithin the motor vehicles compulsory insurance, the provision declined slightly last year. However, number of contracts increased...
read moreUniCredit Leasing offers BMW car financing with lower interest
April 20, 2009 | 05:55pm CEToriginalThe offer for individuals and corporate bodies is valid till the end of June and is related to the models…
read moreFuel prices stagnating for second week already in Czech Rep
April 20, 2009 | 01:24pm CEToriginalThe most selling petrol Natural 95 became more expensive by 1 heller on average to CZK 25.72/L last week. Price of diesel…
read moreCeska pojistovna has new instrument for revealing insurance frauds, other insurance companies considering it too
April 15, 2009 | 08:14pm CEToriginalA new method has revealed nine frauds out of 13 analyses of traffic accidents. Other seven cases…
read moreDirectors of Czech insurance companies expect decline of market growth
April 15, 2009 | 12:43pm CEToriginalWithin non-life insurance, the pace decline will be influenced by a lower number of sold cars too…
read moreSeat Exeo sedan: Sales started at CZK 499,900 on Czech market
April 14, 2009 | 05:22pm CEToriginalAlong with the Exeo model, Seat wants to address the current and new customers as well. Seat sets to a presumption that Exeo will largely hold interest of…
read moreCCS: Fuel became slightly cheaper last week
April 13, 2009 | 07:16pm CEToriginalThe most selling petrol Natural 95 has become slightly cheaper in the last 15th week in comparison with the previous week on average by…
read moreCCS: Fuel has gone up sharply last week
April 6, 2009 | 04:45pm CEToriginalThe most selling petrol Natural 95 has gone up in 14th week in comparison with the previous week at the average by…
read moreAAA Auto began offering its own scrap bonus also in the Czech Republic
April 1, 2009 | 07:30pm CEToriginalUsed car dealer AAA Auto began providing a scrap bonus of CZK 10,000 to 50,000 on the Czech market, however, the condition is…
read moreAuto Esa began offering its own scrap bonus of EUR 300 up to 1,000
March 31, 2009 | 06:41pm CEToriginalPrague-based used car dealer Auto Esa introduced its own scrap bonus of EUR 300 up to 1,000 when buying a car with a minimum price of...
read moreCCS: Fuel down slightly last week
March 30, 2009 | 01:27pm CEToriginalThe difference between the price of petrol in the cheapest and the most expensive regions is almost CZK 1; the difference within the diesel is even…
read moreAAA Auto backs off abroad, leaving Hungary after Poland and Romania
March 26, 2009 | 06:12pm CEToriginalUsed car dealer AAA Auto focuses on the core markets of the Czech Republic and Slovakia at the time of economic crisis, the return to foreign countries is real…
read moreStepanekAuto to open cafe in Prague’s shopping centre Metropole Zlicin
March 24, 2009 | 01:28am CEToriginalUsed car dealer StepanekAuto comes with a unique marketing sales support on the market. On the western Prague’s periphery in…
read moreCCS: Petrol and diesel reduced the price by more than 10 hellers last week
March 23, 2009 | 07:06pm CEToriginalThe most selling petrol Natural 95 reduced the price in 12th week by 17 hellers w/w at the average to…
read moreAAA Auto closed further branches, last branch in Hungary remains in Budapest
March 20, 2009 | 07:39pm CEToriginalUsed car dealer AAA Auto continues in branches reduction. Currently, the company has…
read moreDirect Pojistovna recorded a fivefold rise of prescribed insurance in 2008
March 20, 2009 | 05:40pm CEToriginalInsurance company Direct Pojistovna dedicated to the vehicles insurance so far to enter other segments in Q2...
read moreHome Credit began offering credits for AAA Auto used cars purchase, besides Slovakia in the Czech Rep too
March 19, 2009 | 10:40pm CEToriginalHome Credit became another financial partner of AAA Auto in the Czech Republic; it cooperates with AAA Auto in Slovakia since…
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SELECTED FLASH NEWS
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Auto UH Group (Fiat, Fiat Professional, Ford, Hyundai, Volkswagen, VW Commercial Vehicles...
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SELECTED ARTICLES
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King Long expands in Europe, established partner for Czech Rep and Slovakia
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Hyundai expands operations in Central Europe
Uni Gasket to expand production in Europe
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Brano aims to develop its own electric vehicle, later might start producing it
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EXCHANGE RATES
1 EUR = 1.05 USD
1 EUR = 0.83 GBP
1 EUR = 0.93 CHF
1 EUR = 25.35 CZK
1 EUR = 4.34 PLN
1 EUR = 410.50 HUF
Source: ECB, November 21, 2024