• The Next.e.GO facility in North Macedonia will be the company’s third MicroFactory worldwide, in addition to the in-production MicroFactory in Aachen, Germany, and the MicroFactory currently under construction. construction in Bulgaria.
• Production capacity of up to 30,000 vehicles per year, with production scheduled to start in the last quarter of 2024.
• An investment of more than €130 million and creating more than 900 jobs.
German electric vehicle Next.e.GO will build a microfactory in North Macedonia, the third in the world, the first being Aachen in production and the second currently under construction in Bulgaria.
During a public ceremony at the project site near the western town of Tetovo, the parties signed a definitive agreement, on the basis of which e.GO plans to build a production facility for its vehicles battery-electric vehicles with an expected capacity of up to 30,000 vehicles per year.
“The start of production at the new facility is currently planned for the last quarter of 2024. The project is intended to create up to 900 new jobs in the country,” Next.e.GO told The Recursive in a statement.
The “e-Go” electric car to be produced in North Macedonia is expected to offer a sustainable, innovative and economical means of transport, without harmful gas emissions.
A snowball effect for the economy of North Macedonia
According to the Prime Minister of North Macedonia, Dimitar Kovachevski, the investment is of great importance for the state, but also for the local economy and the development of the city of Tetovo.
“This agreement represents another key milestone in e.GO’s global growth and highlights the intrinsic value of our disruptive technology and innovation. We are really excited to expand our production footprint to the Republic of North Macedonia, following our progress in Bulgaria. Our strategic direction in Southeast Europe is based on our belief in the region’s competitive ecosystem, attractive investment climate and access to motivated and talented human capital,” Ali Vezvaei, Chairman of the Board of Directors of e.GO administration, said in a report.
The North Macedonian authorities now hope that this investment will have a snowball effect and attract new foreign and domestic investments.
“They create new value, strengthen exports by changing their structure towards higher value-added products, create new jobs and influence the acceleration of economic activity and economic development,” said the Minister of Finance of North Macedonia, Fatmir Besimi, in a press release.
Headquartered in Aachen, Germany, Next.e.GO designs and manufactures battery electric vehicles using proprietary technologies and low-cost MicroFactories, and already has vehicles on the road today.