A major increase in electric cars driving on Czech roads is expected in the coming years, with some experts predicting up to a quarter of a million electricity powered cars will be in the country by 2030. A gradual increase in the number of these vehicles will start next year, with the country’s largest car manufacturer Škoda planning on selling around 2,500, news site iHNed reports.
Škoda Auto delivered 620,900 cars to customers in the first half of the
year, down 4.9 percent year on year.
The main factor was a drop of about a quarter in sales in China, the Volkswagen Group subsidiary said.
In the second half of 2019, the carmaker, which is the nation’s biggest exporter, expects to make up the difference thanks to demand for its new Scala and Kamiq models.
Škoda Auto’s new SUV model Škoda Kamiq will be sold on the Czech market for 379,000 crowns, the Czech car manufacturer announced on Tuesday. The starting prize is around 10,000 crowns higher than the price of Škoda Scala model. The brand’s third and smallest SUV replaces Yeti, which was discontinued in 2017. It is expected to reach its first customers in September.
Car production in the Czech Republic fell by 3.8 percent year-on-year to
363,052 vehicles in the first quarter of 2019, the Automotive Industry
Association said on Wednesday.
The drop was led by Škoda Auto, the Czech Republic’s largest exporter, whose production fell by 3 percent in annual terms. The carmaker said earlier that its sales in January-March fell mainly due to lower demand on the Chinese market.
Two other smaller carmakers noted a rise in output. TPCA, a joint venture of Toyota, Peugeot and Citroën, increased production by almost 5 percent to 58,772 units in Q1, while Hyundai’s production fell by 12 percent to 73,000 cars.
Overall confidence in the Czech economy rose slightly in April to 97.1
points from 97 points the previous month, the lowest rating in two years,
Czech Statistical Office data published on Wednesday show.
Entrepreneur confidence increased month to month by 0.3 points to 95.8 points while consumer confidence dropped by 0.8 points to 103.8 points. All three indicators are lower than they were a year ago.
The April survey taken among consumers indicates consumers are more afraid of a drop in the overall economic situation and rising prices than about their own financial standing worsening.
Czech carmaker Škoda Auto announced on Wednesday it sold a record 1.254
million vehicles last year, up 4.4 percent in annual terms.
Sales revenue also increased by 4.4 percent compared to the previous year and achieved the best result in its history.
Unconsolidated profit after tax fell 9 percent to CZK 28.89 billion, a drop the Volkswagen Group unit attributed in part to a 22 percent increase in investments into tangible assets last year.
Škoda Auto, the top Czech exporter, invested more than 500 million euros directly in plants and facilities in the Czech Republic in 2018.
The Czech car maker Škoda Auto has extended its sponsorship deal with Tour
de France organiser A.S.O. until 2023. The deal was signed at the Geneva
Motor Show on Wednesday.
The cooperation will include not only Tour de France but also other cycling races, such as the La Vuelta or Paris-Roubaix. The Czech automobile became the Tour’s official partner and car supplier in 2004 when they signed a four-year contract.
Car maker Skoda Auto will unveil more than thirty new models by 2022, at
least ten of them electric-powered, company chair Bernhard Maier said ahead
of the Geneva Motor Show.
The first electric-powered models are to appear on the market this year, the Superb plug-in hybrid model and Citigo.
Skoda will unveil its latest model – the Skoda Kamiq - at the Geneva Motor Show which take place from 5 to 17 March. The brand’s third and smallest SUV is expected to hit the market in autumn this year.
In 2018 Skoda produced 886,100 vehicles, a 3.3 percent growth year-on-year and a new production record for the company.
Overall confidence in the Czech economy slightly increased in February
after declining three consecutive months, according to the Czech
Statistical Office (ČSÚ).
Confidence rose by 0.2 points to 98.2 points last month, it said. In annual terms, overall confidence in the economy is lower than in February 2018, and the confidence of both businesses and consumers has declined year on year.