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German company Next.e.GO has announced a new microfactory in Bulgaria.

The new plant is set to cost €140 million and will be able to produce up to 30,000 e.GO Life Next models per year when production starts in early 2024.

The new factory is to be built in Lovech, some 70 miles from the capital, Sofia, and is promising to create 1,000 new jobs in the region. 

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“This strategic agreement is another key milestone in Next.e.GO Mobile’s decentralized growth, leveraging our game-changing microfactory and product architecture in transforming global urban mobility. Our technology, the unique production and the entire ecosystem that we create set us apart and expand our ecological and economic contribution far beyond our factories into countries and local communities,” says Ali Vezvaei, Chairman of the Board of Next e.GO Mobile SE. “We are very pleased to expand our footprint into Bulgaria – a country with amazing human capital, competitive terrain and well-developed tech and industrial clusters.”

This new factory will allow Next.e.GO to create one of the most sustainable, purpose-built urban EVs. The company’s cars are designed to be affordable but highly durable and with an “ultra-low” total cost of ownership. 

This new factory in Bulgaria, however, is not the only site Next.e.GO is operating – it already has a factory in Aachen and has announced plans for more factories in Greece and Mexico. 

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