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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
Associatons
CLFA: Market for non-bank financing to increase in 2011
May 15, 2011 | 11:08pm CEToriginalThe Association expects leases to grow by 8%, then a slight increase in loans, and as for the factoring it might be over 10%. The lack of used trucks in Europe...
read moreCzech Rep wants to expand number of cars to which environmental tax applies
May 12, 2011 | 02:02am CEToriginalThe tighter rules will probably be applied in three years, because the limit will move by 6 years from 2014. Vehicles meeting Euro 3, the greater volume from tax collection...
read moreLeasing of movables in Czech Rep grew by 20.9% in Q1, thanks to photovoltaic energy
May 10, 2011 | 03:44am CEToriginalThe number of contracts, financial and operational leasing, fleet management, the share of new and used cars leasing, consumer loans...
read moreSDA, importers: Re-exporting cars within EU is legitimate and economically justified behavior
May 5, 2011 | 07:59am CEToriginalIn addition, Hyundai allegedly re-exports cars as well. ACEA and the EC work with the first car registrations. The price war in the segment of smaller models in the Czech Republic...
read moreTölgyesi (LeasePlan): Operating lease market in Czech Rep to rise by up to 5% in 2011
May 5, 2011 | 01:59am CEToriginalIt should follow in a recovery in H2 2010. LeasePlan managed to reverse the earlier decline in the share of new contracts and since then it has been growing...
read moreSales of new cars in Czech Rep down by 3.2% in April, sales of LCVs by 0.5%
May 5, 2011 | 01:51am CEToriginalDemand for trucks and buses rose by double-digit pace. Results in January-April 2011...
read moreHyundai Motor Czech wants to secede from Car Importers Association
May 4, 2011 | 05:16am CEToriginalThe reason is the passivity of SDA on the issue of re-exports. Hyundai has allegedly surpassed Ford and Volkswagen in the sales of new cars in the Czech Republic. Reaction of SDA...
read moreCar insurance market in Czech Rep decreased by 8.6% in Q1, damage liability by double-digit pace
April 28, 2011 | 02:55am CEToriginalThe number of insured vehicles increased by 131,000 units, the insurance is thus getting cheaper. Results of insurance companies...
read moreCar sales in EU down by 5% in March, by 2.3% in Q1
April 20, 2011 | 12:15am CEToriginalEuropean market for passenger cars is still below the average of the years 2005 to 2008. Sales of Volkswagen and Skoda...
read moreJirina Tapsikova of SkoFIN became new CLFA’s chairwoman
April 18, 2011 | 03:59am CEToriginalShe has replaced Jiri Matula, who is no longer an employee of the member company, but of the parent company UniCredit Leasing. Other changes in CLFA...
read moreCar importers identify dealerships and service points by stickers in Czech Rep
April 11, 2011 | 03:46am CEToriginalAt the same time, the SDA runs a database of authorized partners. Details of both activities, including stickers...
read moreSales of new cars in Czech Rep up by 0.3% in March, sales of LCVs up by 29%
April 7, 2011 | 05:00am CEToriginalDemand for trucks and buses doubled. Results in Q1, analysts’ outlook for the whole year 2011, the impact of the earthquake in Japan...
read moreSales of new cars in Slovakia up by 20% in Q1
April 7, 2011 | 04:11am CEToriginalDominant brand Skoda increased sales by 14%, but its market share went down. It is followed by Renault and Volkswagen...
read moreSales of commercial vehicles in EU rose by 17% in February
March 30, 2011 | 02:29am CEToriginalThe market has continued in recovery after an increase of 20 % in January. Sales of LCVs and trucks...
read moreCar financing down by 5.4% in Czech Rep in 2010, both large and smaller players strengthened
March 23, 2011 | 05:22am CEToriginalDouble-digit growth was recorded by UniCredit Leasing, Toyota Financial Services and Raiffeisen - Leasing, the largest decline by FCE Credit. Results of the companies...
read moreCar production in Czech Rep up by 9.4% in 2010, similarly to production of components
March 23, 2011 | 04:38am CEToriginalSkoda Auto increased production by 9%, Hyundai by 69.6%, Avia by 69.6%, Tatra by 15.2%, SOR by 11.9%. Conversely, TPCA, Iveco and Tedom decreased production...
read moreCar sales in EU returned to growth in February
March 17, 2011 | 04:36am CEToriginalMost national markets increased sales in February, but some major economies registered a decline. View of KPMG with respect to the earthquake in Japan...
read moreSales of new cars in Czech Rep up by 16% in January, LCV sales up by 6.3%
March 4, 2011 | 02:16am CEToriginalDemand for trucks went up by two thirds, demand for buses fell. Cumulative results for two months of 2011...
read moreSales of commercial vehicles in EU rose by 20% in January
February 28, 2011 | 11:41pm CEToriginalThe growth has thus accelerated from 12.5% recorded in December. In Germany, sales of commercial vehicles rose by more than 40%, in the Czech Republic and Slovakia...
read moreDecrease in car sales in EU slowed to 1.4% in January
February 17, 2011 | 02:29am CEToriginalIn December 2010 the fall was 3.2% though. Results of the Volkswagen Group and its brand Skoda, comments and expectations of KPMG...
read moreLeasing of movables in Czech Rep up in 2010 due to strong Q4, consumer credit down
February 11, 2011 | 04:34am CEToriginalThe number of contracts, financial and operational leasing, fleet management, the share of leasing of new and used cars...
read moreSales of new cars in Czech Rep rose by 8% in January, LCV sales fell by 0.6%
February 4, 2011 | 05:43am CEToriginalDemand for trucks increased by a half, demand for buses fell by a third. Import of used cars increased...
read moreMarket for auto insurance in Czech Rep fell by 6.3% in 2010, damage liability more than accident insurance
February 1, 2011 | 01:26am CEToriginalThe number of insured vehicles grew by 96,000 units though. Reasons, results of insurance companies...
read moreSales of commercial vehicles in EU increased by 12.5% in December, by 8% over 2010
January 26, 2011 | 11:01pm CEToriginalAs for the Czech Republic, sales of LCVs, trucks and buses increased by 20.7% in December, for the full year 2010, however, they decreased by 28.8%...
read moreNumber of cars with damage liability increased by 1.9% in Czech Rep in 2010
January 25, 2011 | 03:34am CEToriginalSlavia and Allianz gained most of the new clients; the biggest decline was recorded at Ceska pojistovna. The results of individual insurers, brokers’ comments...
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