A group of high-tech energy companies have suspended their investment in a new plant in Ukraine and plans to transfer production to Czechia: Why?

At the beginning of this year, the EDS Ukraine group, under the leadership of Oleksandr Zapyshny, planned large-scale investments in the production of transformers and chargers for high-power electric vehicles.

The company planned to build a new workshop with an area of ​​4,000 square meters in 2025, and a year later, another similar workshop to expand its production, where 160 people would work. Almost $8M was planned to be invested and paid back over five years. Currently, financing for the first stage has already been found at Zapyshny’s expense, and the rest is being funded by partner banks.

However, the state searched the group’s offices and the residences of managers and employees last week. EDS Ukraine called it “pressure on the business”. As a result, they have decided to suspend the development of the project in Ukraine and began to study the possibility of relocating this project to the Czech Republic. The products were planned to be made in Ukraine and sold in the EU and the US.