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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
CCS: Fuel more expensive for new highs in Czech Rep last week
March 20, 2012 | 02:45am CEToriginalPrices of petrol and diesel rose by ten hellers. This happened despite the fact that the price of Brent crude has been stagnating. Analysts’ expectations for this week...
read moreSixt continues in renewal of its car rental fleet in Czech Rep with Seat brand
March 19, 2012 | 02:29am CEToriginalThe number of Seat cars in the car rental shop slightly decreased in 2011, but all Exeo cars were renewed in 2012. Details, supplier-dealer...
read moreCSOB Leasing expects tens of financed EVs in 2012
March 14, 2012 | 03:01am CEToriginalFinancial products, the possibility of the repayment period, financing of vehicles and batteries, the first customer with an electric Ford...
read moreCzech drivers fictitiously sell cars due to cheaper damage liability
March 14, 2012 | 02:42am CEToriginalInsurance companies along with the Czech Insurers’ Bureau are analyzing the situation and preparing measures. Statements of a broker Ceske pojisteni and insurance companies...
read moreNewly established company renewed Auton brand in Usti nad Labem
March 13, 2012 | 03:28am CEToriginalAcquisition of a showroom from Beta Hase; a new Skoda and Subaru dealership; termination of the sale of Nissan, Volkswagen and SsangYong cars...
read moreCeska posta announced tender for 300 cars, some with CNG drive
March 13, 2012 | 03:12am CEToriginalSpecifications, the form of acquisition, various periods of the contract performance, deadline for bids, winner of the previous tender...
read moreBMW improved quality of BMW Mobile Care assistance service in Czech Rep
March 13, 2012 | 02:55am CEToriginalIt is now able to avoid multiple problems on the spot without towing a vehicle. New 4x4 service vehicles, BMW Accident service...
read moreCCS: Petrol more expensive to new high in Czech Rep last week
March 13, 2012 | 02:41am CEToriginalIn contrast, the price of oil remains almost unchanged. Analysts’ expectations for this week...
read moreCCS: Fuel slightly more expensive in Czech Rep last week
March 5, 2012 | 11:11pm CEToriginalPrice of petrol went up to a new high. The reasons for higher prices, analysts’ expectations for this week...
read moreCeska pojistovna transferred rendition of assistance services under Generali Group
March 2, 2012 | 02:46am CEToriginalContractors will be replaced by a JV with Europ Assistance. Statistics of assistance interventions, head of the new company CP Asistence, transfer of employees, future od SOS Assist...
read moreCCS: Petrol reached record level of CZK 36.25/litre in Czech Rep over weekend
February 28, 2012 | 02:36am CEToriginalFuel in general went up by tens of hellers last week. Analysts’ expectations for this week...
read moreToyota introduced Genio credit with almost 0% down payment for next five models in Czech Rep
February 24, 2012 | 01:47am CEToriginalInterest in the Genio 5555 at the Yaris, examples of funding, the validity of the campaign, the same amount of down payment and instalments for 6 years with Toyota Insurance...
read moreJosef Bratrsovsky went from CSOB Leasing to Wustenrot
February 22, 2012 | 02:49am CEToriginalThere he has taken over the position of a board member in a new structure of the Wustenrot group in the Czech Republic. He will be responsible for...
read moreDominik Stros became new head of QBE in Czech Rep
February 21, 2012 | 02:39am CEToriginalUntil then, the position was temporarily held by Andrew Peter Quirke, who continues to work in the division of Product Protection. Stros thus changed the place of work after almost 20 years...
read moreCom Plus to convert its fleet to operational leasing, LeasePlan to be provider
February 20, 2012 | 03:36am CEToriginalSo far, this ICT company has used financial leasing. Size of the fleet, the chosen brand and models...
read moreFord passenger EVs to be distributed by carmaker, commercial EVs by partners of Azure Dynamics
February 17, 2012 | 03:05am CEToriginalIt will be A. Charouz on the Czech market. Parameters, price and financing for the first EV - Transit Connect Electric, demand of companies in the Czech Republic...
read moreSeat began providing OEM extended warranty
February 17, 2012 | 02:28am CEToriginalSo far the brand has had partners for this service, CarGarantie in the Czech Republic. Options and prices, an extension for up to 4 years/120,000 km, a warranty for 3 years/100,000 km for the Exeo included in the price...
read moreUniCredit Leasing grew in Czech Rep in 2011 with automotive market
February 16, 2012 | 03:09am CEToriginalRegistrations of vehicles under 3.5 tons and new contracts of the company grew by more than 3%. Purchase prices of cars fell by 5.3%, the product 50:50 decreased the duration of financing. Outlook for 2012...
read moreCCS: Fuel slightly cheaper in Czech Rep last week
February 14, 2012 | 12:41am CEToriginalDistribution margins, according to analysts, returned to average levels, resulting in no increase in prices. Expectations for this week...
read moreTomas Vysoudil became new board member for trade at Allianz in Czech Rep
February 8, 2012 | 01:07am CEToriginalHe has worked in the company as commercial director. He replaces Stefan Markschies, who has gone to...
read moreCCS: Fuel prices flat in Czech Rep last week
February 7, 2012 | 03:36am CEToriginalAccording to analysts, the growth of distribution margins prevented price reductions. Expectations for this week...
read moreMarket for car insurance fell by 6.3% in Czech Rep in 2011 at growth in number of insured vehicles by 1.9%
February 6, 2012 | 12:48am CEToriginalHowever, according to CAP, car insurance prices will not further fall in 2012. The results of insurance companies, a new member of Pojistovna VZP...
read moreSamohyl Motor Holding expanded its portfolio for Audi brand
February 2, 2012 | 02:54am CEToriginalAt the same time, the company entered into a new city in the Czech Republic. Samohyl bought a dealership of two brands...
read moreCitroen reduced price of C-Zero EV by 20% in Czech Rep
February 2, 2012 | 02:21am CEToriginalAt the same time, the importer has launched the second equipment version on the market, making the price by further 7% lower. Customers, expected sales in 2012...
read moreKia extended cooperation with UniCredit Leasing in Czech Rep
January 31, 2012 | 03:44am CEToriginalAt the same time the companies have prepared a new loan product, 50:50 under brand financing Kia Finance. The second partner of CSOB Leasing...
read more
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SELECTED FLASH NEWS
Trešl: Hyundai considered deploying Xcient hydrogen trucks/tractors (FCEVs) to transport...
Auto UH Group (Fiat, Fiat Professional, Ford, Hyundai, Volkswagen, VW Commercial Vehicles...
AR Servis (Tibiq Automotive Holding; Škoda, Hyundai dealer in Jindřichův Hradec, Czechia)...
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SELECTED ARTICLES
Czech antitrust authority imposed fine on two car dealers for cartel
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Samsung looking for suppliers on new type of EV batteries
King Long expands in Europe, established partner for Czech Rep and Slovakia
Toyoda Gosei to increase production in Europe
Kirchhoff Automotive looking for new suppliers
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
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Source: ECB, November 21, 2024