NFOŚiGW provided EMP with 4.5 billion zł and took control. The factory in Jaworzno aims to achieve operational status by 2029.
NFOŚiGW acquired a majority stake in ElectroMobility Poland and provided the company with nearly 4.5 billion złoty. The funds from KPO are intended to finance the Polish Electric Mobility Hub in Jaworzno, with plans to start producing electric vehicles by 2029.
On August 26, the fund signed a share acquisition agreement with EMP and injected capital under the “Support Instrument for Low-Emission Economy” program. This marks real progress for the project, rather than just another presentation.
NFOŚiGW invested capital, not grants
This is where the most significant change lies. It’s not a regular grant but an ownership investment. After increasing capital, amending the statutes, and appointing two representatives from the fund to the supervisory board, NFOŚiGW became the majority shareholder of EMP.
Paweł Augustyn, vice president of the Fund, said bluntly: “This is the largest investment in NFOŚiGW’s history.” Dorota Zawadzka-Stępniak, president of NFOŚiGW, added: “NFOŚiGW’s capital commitment to the Polski Hub Elektromobilności project is now a reality.”
EMP was established in 2016 at the initiative of PGE, Energi, Enei, and Tauron, with each company holding a 25 percent stake. In 2021, the State Treasury injected capital into it and took control of the majority shares. Now, control is shifting to NFOŚiGW. The first formal step toward this transition was taken on May 13, 2026, when an investment agreement and shareholder agreement were signed.
Jaworzno, Foxconn, and a new brand replacing Izera
The project timeline covers the years 2026-2030, with the first vehicles set to roll off the production line in 2029. In Jaworzno, not only an assembly plant but also a complete complex including a factory, engineering facilities, and a research and development center are planned to be built.
The initial plans included a welding shop, painting facility, battery assembly area, electric drive components production, and final vehicle assembly. The engineering division is tasked with developing vehicles for the European market, as well as software, data processing, and digital vehicle functions. Previously, EMP had identified Bielsko-Biała as the location for the R&D facilities.
The second important aspect is the industrial partner. On August 31, NFOŚiGW confirmed that the project will be implemented as a joint venture with Hon Hai Technology Group, also known as Foxconn, with Foxtron Vehicle Technologies involved. Thus, Foxconn remains the key partner even after the fund’s involvement. However, the structure of the JV, the shareholdings, or the scale of capital contributed by the Taiwanese side have not yet been made public. And this is where things get complicated.
The product concept itself has also changed. It will no longer be an Izer based on the Geely platform, but rather a new European brand with its headquarters and decision-making center in Poland. According to previous statements, the first range is set to include three electric models, though no prices or technical specifications have been disclosed.
NFOŚiGW added another detail: once production begins, about 70 percent of the components’ value should come from the European Union, with a significant portion to be manufactured in Poland. Earlier, EMP stated in parliament that roughly half of the components’ value could ultimately come directly from Poland. This does not mean the car will be “70 percent Polish” — it refers to the value of the components and their place of production.
As of now, government funding is secured, but EMP still needs to prepare the site in Jaworzno, obtain administrative approvals, finalize the plant design, construct it, and establish cooperation with Foxconn. 4.5 billion zlotys seems substantial, but there is still a long way to go from the funding transfer to mass production. What do you think of this development: finally concrete actions or mainly promises?
LovEV Newsletter
Want more content like this?
Sign up — we’ll send you a weekly summary once the newsletter starts.