29. April 2024 California-based battery producer Statevolt plans to manufacture solid-state battery cells in the United Arab Emirates (UAE) by the end of 2026. Sister company Statevolt Emirates is preparing to build a 3.2-billion dollar gigafactory in Ras Al Khaimah.
LOHUM, UAE Ministry, and BEEAH collaborate for UAE’s First EV Battery Recycling Plant, leading the charge toward a sustainable and eco-friendly automotive future.
Sister company Statevolt Emirates is preparing to build a 3.2-billion dollar gigafactory in Ras Al Khaimah. With an annual production capacity of up to 40 gigawatt-hours, the project aims to tap into the emerging export markets for battery storage and electric mobility in the Middle East region, including Africa and India.
In line with the National Electric Vehicles Policy, the MoEI launched the “Global EV Market” transformational project earlier this year, aiming to turn the UAE into a global market for electric vehicles and increasing the share of EVs to 50 per cent of total vehicles on the roads by 2050. The EV market in the UAE is already seeing rapid growth.
“The UAE and Middle East currently has relatively low levels of vehicle production, and very low levels of EV production” - Daniel Harrison, AMS Lucid is a venture backed by Saudi’s Public Investment Fund, and opened its first international EV manufacturing plant in Jeddah in 2023 under a $3.4 billion deal with the Kingdom.
Harrison adds: “For Statevolt, the UAE’s government support for Statevolt Emirates gigafactory is welcome, but notably the initial plan appears to be to supply solid-state batteries for energy storage solutions to Africa and the wider region.
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