Next.e.GO Mobile is headed to North Macedonia
The German electric car manufacturer Next.e.GO Mobile has signed an agreement with the Republic of Northern Macedonia to establish a production facility in the country. Next.e.GO Mobile’s micro-factory in Northern Macedonia is to be built near the town of Tetovo.
According to the company, the plant will have a capacity of up to 30,000 vehicles per year. The start of production is planned for the last quarter of 2024. 900 jobs are to be created there.
The agreement was signed at an event at the project site in Tetovo. “Our strategic focus in South East Europe is based on our conviction as to the region’s competitive eco-system, attractive investment climate and access to driven and talented human capital,” said Ali Vezvaei, Chairman of e.GO’s Board of Directors. The Prime Minister of the Republic of Northern Macedonia, Demitar Kovacevski, spoke of the “great importance for the state, but also for the local economy and the development of human potential in Tetovo and the country” that the investment has. Finance Minister Fatmir Besimi hopes for a “snowball effect” that will attract further large investments.
Once operational, the northern Macedonian microfactory will be the company’s third production facility after the microfactory in Aachen, which is already in production, and the microfactory under construction in Bulgaria. The plant in Bulgaria is planned similarly to the project in North Macedonia: From 2024, up to 30,000 vehicles per year are to be built.
Next.e.GO Mobile, based in Aachen, emerged from the insolvent manufacturer e.GO Mobile, which was founded by RWTH professor Günter Schuh. At the beginning of May, Next.e.GO Mobile presented the e.wave X, a new electric car. However, this is still largely based on e.GO’s only series-production model to date, the Life.
As announced in July, the new company wants to go public via a SPAC merger. The closing of the planned transaction is subject to the usual closing conditions and is expected to take place at the beginning of 2023.