Battery pack factory in lisbon

Tags: Battery Pack Factory Lithium Ion

4 FAQs about Battery pack factory in lisbon

Why should Portugal invest in a battery factory?

“Our factory will not only create new jobs but will also place Portugal at the forefront of the production of batteries for electric vehicles in Europe,” he highlights. According to CALB, “this strategic investment” aims to “reinforce its presence in the European market for electric vehicles (EV) and energy storage systems (BESS)”.

Is Portugal a good place to invest in lithium-ion batteries?

In the battery technology industry, Portugal has the potential for further growth in the future, especially in the field of lithium-ion batteries and energy storage. Portugal is one of the countries with the largest lithium reserves in Europe.

Where will the new lithium battery factory be built?

In a statement sent to the Lusa news agency, the Chinese company, a global leader in the production of lithium-ion batteries, announced that the project for the construction of the latest generation lithium battery factory will be launched on Monday at the Técnico Innovation Center, in Lisbon.

Is CALB investing 2 billion euros in a lithium battery project?

The media reports do not specifically mention the cell chemistry. They only refer to “lithium batteries.” CALB is reportedly investing 2 billion euros in the project, which is classified as an IPCEI project ('Important Projects of Common European Interest') in the EU and is subsidised accordingly.

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