Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Czech automaker Skoda produced 807,700 cars in 2020, down 20.5pc from the prior year while sales stood at 849,200 units, down 20pc from 2019 levels. The company released its 2020 performance on March 24. 


In 2020, a total of 39 days production loss was reported by the company on the back of shutdown at Czech plant and some plants in Europe at the beginning of the first wave of COVID-19 which impacted the company’s revenues. 


The company has plans to add production capacity of around 150,000 vehicles at its plant in Kvasiny after some production will be shifted to Mlada Boleslav and built at the Volkswagen plant in Bratislava. 


The company in the second half of the year delivered 578,100 vehicles while in the first half deliveries were reported around 426,700 units. Skoda delivered more than 1mn vehicles in 2020 to 1,004,800 units to customers globally. Market for Skoda expanded in Europe. 


The company is considering possibilities of a Gigafactory in Czech Republic to further strengthen the automotive segment for the future. 


Demand has picked up significantly for automotive in the second half of 2020, however at the end of the year, semiconductor shortages started disrupting production and several plants have had to cut production temporarily. 



Leave a Reply

Your email address will not be published.