Ukraine’s automotive industry has become one of the fastest growing manufacturing sectors with an already established automotive cluster in Western Ukraine.
Both leading automotive OEMs, as well as component manufacturers can benefit from establishing production in Ukraine due to a number of its advantages:
- availability of skilled workers
- competitive salaries
- proximity to major automotive clusters in Central and Eastern Europe
In the era of ACES (Autonomous, Connected, Electric, Shared) technological megatrends that are shaping the global automotive industry, Ukraine also emerges as an important centre of innovation and R&D, with a number of its renowned IT companies already serving the leading global automotive companies.
New investment opportunities are also connected with electric vehicles and batteries, with Ukraine possessing Europe’s largest lithium reserves. This lithium advantage bodes well for the future with the growth of electric car sales globally set to make Ukraine an increasingly important player in new technology auto production.