Aachen, Germany-based Next.e.GO Mobile, a battery-electric car manufacturer, announced that it has entered into an agreement in Bulgaria to build its second new micro-factory in Lovech.
The development follows the company’s Series B funding of €30M in February this year. The funds were for starting production of its four-seater passenger car, e.GO Life in its German factory and supporting the company’s growth agenda.
Factory for battery electric vehicle
The agreement was signed in a public ceremony at the Ministry of Economy of Bulgaria, under the leadership of Minister Kiril Petkov. Under the agreement, Next.e.GO Mobile Bulgaria AD will build a micro-factory in Lovech that will hold a capacity of up to 30,000 vehicles per year. The start of production is scheduled for Q1, 2024.
With this development, the factory expects to create nearly 1,000 new jobs in the region. And according to the company, the new facility will be a cyber-physical twin of the original Industry 4.0 factory in Aachen, Germany – leveraging the Internet of Production architecture and advanced automation.