LISBON, Feb 21 (Reuters) - China''s CALB, one of the world''s largest battery makers for electric vehicles, said on Friday it would invest 2 billion euros ($2.09 billion) in a gigafactory in...
The Battery manufacturer CALB, headquartered in China, is planning to invest 2 billion euros in Sines, 1h30 min south of Lisbon, to build a lithium battery manufacturing
Construction is expected to start this year, with production to be started in 2028. The factory is to be in the Sines Industrial Zone near Lisbon and make lithium batteries mostly
CALB invests $2.09 billion in a gigafactory in Sines, Portugal, to produce 15 GWh of lithium batteries annually by 2028. This project strengthens Europe''s EV battery supply
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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.
The project to build a lithium battery factory for cars owned by the Chinese company CALB in Sines, with 15 GWh (Gigawatts/hour) of energy storage, is launched...
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.
According to CALB, the factory will create 1,800 direct jobs. Portugal has some of the world’s largest reserves of lithium, a key ingredient in the batteries that power electric cars: an estimated 60,000 tonnes, according to the US Geological Survey. Read also: Lithium-Ion battery production goes global
