Priority Investment Project

Advance Properties is a shareholder owning 50% of the first major electric mobility project in Bulgaria – Next e.Go Mobile.
In 2020 the German-based company Next e.GO Mobile announced its plans to build a state of the art electric vehicle factory in Bulgaria. The factory located in Lovech will manufacture one of the most sustainable city electric vehicles: e.GO Life, Cross and Sport models.  All e.GO cars are based on the durable aluminium space frame structure and made of renewable and reusable polymeric materials. Such approach eliminates the capital and environmentally intense paint and press shops, allowing more environmentally friendly and economically sustainable micro factory production system. In this way, e.GO Mobile is set to revolutionize the production in the automotive industry by minimizing its ecological footprint and enhancing its capital efficiency. The construction of the factory will begin in April this year and the first electric vehicle produced in Bulgaria will be ready in 2023. The vehicles will be manufactured in the most innovative environment, not only for Bulgaria, but for Europe: the Lovech factory will be a cyber-twin of the German one, connected in a 5G network and with fully automated logistics processes.

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