About Construction of lithium battery energy storage project in Porto Portugal
The factory, which is intended to start production in 2028, is expected to have an energy storage production capacity of 15 GWh and will adopt the latest generation of lithium battery technology, committed to becoming an important supplier to the European electric transportation industry.
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6 FAQs about [Construction of lithium battery energy storage project in Porto Portugal]
Will a lithium battery factory be built in Portugal?
According to the latest report on February 21st, battery manufacturer CALB will invest 2 billion euros (approximately Yuan 15.1684 billion) in Sines, Portugal to build a lithium battery factory aimed at providing high-performance energy storage batteries for the European electric vehicle industry.
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)”.
Can Portugal be a leader in battery production for electric vehicles?
Liu Jingyu, the President of CALB’s Board of Directors, highlighted the factory’s potential to position Portugal as a leader in battery production for electric vehicles across Europe. The project aligns with broader efforts to transition the European automotive sector towards sustainable electric vehicles.
Will CALB make EV batteries in Portugal?
The company will build cells and ready-to-install packs there. According to Reuters, CALB wants to produce lithium batteries in Portugal with a total annual capacity of 15 gigawatt hours, corresponding to around 187,000 batteries for electric vehicles per year. The batteries will be manufactured “mainly [for EVs] in the European market.”
How will CALB's energy storage project affect Portugal's economy?
The project, heralded as a step towards greening the European automotive industry, is expected to contribute over 4% to Portugal's national GDP once it reaches its full production capacity of 15 GWh of energy storage annually. CALB intends to erect five buildings across a 92-hectare plot within the Industrial and Logistics Zone of Sines (ZILS).
When will a lithium battery factory be built?
The project is expected to start construction this year and is scheduled to be completed in 2028. The factory is expected to have an energy storage production capacity of 15 GWh and will adopt the latest generation of lithium battery technology, committed to becoming an important supplier to the European electric transportation industry.
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