A German/Dutch company plans to invest in Greece and set up a factory to produce electric cars in the country, media report on Wednesday. Electric car manufacturer Next.e.GO Mobile SE is reportedly expected to announce a 100-million-euro investment in Greece,
According to the reports, CEO Ulrich Hermann will sign a letter of intent with Deputy Foreign Minister for Economic Diplomacy Kostas Frangogiannis during an online event on Wednesday.
The company produces the battery-operated e.GO Life, wants to set up a factory in Greece.
State broadcaster ERT TV reported that the factory will produce 30,000 electric cars per year.
The company, which was originally founded in 2015 by Prof. Dr. Günther Schuh, was reportedly earlier this year transferred to the Dutch investment group ND Industrial BV after falling into financial trouble.
The Aachen-based company currently employs approximately 450 workers.
