Valeo will build a 4,000 square metre production hall in Žebrák, Czech Republic, for battery cooling modules for electric vehicles. The investment is 450 million CZK, with production due to start at the end of 2019 and up to 1.2 million modules a year.

Schaeffler opened a new plant in Svitavy, Czech Republic, producing thermal management modules for the automotive industry. The investment is about EUR 100 million and is expected to create 900 new jobs within three years.