This significant investment ensures the Czech Republic remains one of Europe’s premier automotive powerhouses. New EV manufacturing lines will bring jobs and help secure the local supply chain, at a time when EU regulations are accelerating the shift to e-mobility.

By attracting global players like Toyota, the Czech Republic safeguards its critical role in the European automotive ecosystem. Furthermore, a high volume EV manufacturing will help the local supply chain to ensure future development of key EV components, benefiting OEM car manufacturers across Europe and the UK.

The move is also expected to create synergies with the growing domestic battery industry and strengthen the position of Czech R&D and engineering companies.

Source: Gov CZ

Prepared by the CzechTrade United Kingdom & Ireland team.