Slovakia Wins EU Nod for $289 Million Aid to Volvo’s EV Plant
April 8, 2024
BRUSSELS (Reuters) – Slovakia on Monday secured EU regulators’ approval to grant 267 million euros ($289 million) in state aid to Volvo Car’s plant that aims to produce about 250,000 electric cars annually. The Swedish-based automaker, which is majority-owned by China’s Geely Holding, announced a …
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