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By Alexandra Gitsi
A letter of intent for cooperation, for the creation of a factory for the production of electric cars, is signed today at 1:00 p.m. by the Next e.go SE company with Enterpise Greece, in the presence of the Greek Prime Minister Kyriakos Mitsotakis. At the web event, the “present” will be led, among others, by Next e.go CEO SE Ulrich Hermann, the Deputy Minister of Economic Diplomacy Mr. Costas Frangogiannis, the Minister of Development Mr. Adonis Georgiadis, the Deputy Minister Mr. Nikos Papas etc.
Sources with knowledge reported in Capital.gr that the German company, of Dutch interest, since last autumn, is interested in setting up an electric car assembly plant in the country. According to the same sources, you are currently examining 3 areas, to choose which of them meets in combination, preferably, the criteria you have established: being located near a main road, having a connection with a port, an airport and a railway line . – to make your investment, it is estimated that it will exceed 100 million euros.
The memorandum of intent, according to other sources, establishes very tight schedules, such as that in the next quarter Next e.go will have decided in which area it will make its investment, so that Enterpise Grecia can initiate the procedures for its licensing.
The business plan foresees that the factory will be ready to operate in 24 months, that is, the first production to be launched in the spring of 2023, provided that everything goes according to plan and nothing changes along the way. Next e.go’s design foresees the production of 30,000 electric cars from the factory in Greece.
The German company was founded in 2015 as e.Go Mobile, by Professor Günther Schuh from the University of Aachen, and its basic idea was to build electric cars in the simplest and most economical way possible.
In 2019, however, he began to face financial problems, which is why he filed for bankruptcy last spring. However, the solution to the problem occurred on August 31 when it was learned that its majority stake had passed to nd Industrial Investments BV, which belongs to nd Group BV. Next.e.GO Mobile SE is wholly owned by e.GO Mobile AG and its subsidiaries.
Electric car sales in the last 10 years have grown rapidly. Of the approximately 17,000 electric cars on the roads around the world in 2010, last year, their number exceeded 7.2 million. 47% were in circulation in the People’s Republic of China, compared to more than 100,000 electric cars in nine countries last year. But this is just the beginning. A recent IEA survey predicts the global electric vehicle market will grow 36% annually, reaching 245 million vehicles in 2030. That’s more than 30 times 2019 levels.
