Chinese manufacturer CALB is planning on building a lithium-ion battery factory in Portugal, the APA Portuguese environment agency said on Monday. Portugal has the largest reserves in Europe of lithium, the main element in the batteries that power electric cars.
A planned lithium battery factory in the port of Sines leads a raft of new foreign direct investment (FDI) projects secured by Portugal in 2023. The 36 projects will net the country over 2.7 billion euros and are part of the largest influx of such investment in Portugal since 2016.
The 36 projects will net the country over 2.7 billion euros and are part of the largest influx of such investment in Portugal since 2016. China Aviation Lithium Battery (CALB) will invest 2 billion euros in the state-of-the-art factory – its first in Europe.
[See more: BYD holds talks with Brazilian lithium producer] Filipe Santos Costa, head of Portugal’s investment and trade agency AICEP, said the CALB plant is an example of the “big investments” the country is pursuing, which “can have more impact and a greater multiplier effect” on the national economy.
Portugal has the largest reserves in Europe of lithium, the main element in the batteries that power electric cars. The factory in the coastal town of Sines, around 100 kilometres (60 miles) south of the capital Lisbon, is due to become operational by the end of 2025.
China Aviation Lithium Battery Technology (CALB) is the promoter of a project for a lithium battery factory in Sines, in the district of Setúbal, which is under public consultation. By TPN, in News, Business, Portugal, Asia · 22 Jan 2024, 15:02 · 3 Comments
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Chinese manufacturer CALB is planning on building a lithium-ion battery factory in Portugal, the APA Portuguese environment agency said on Monday. Portugal has the largest reserves in Europe of lithium, the main …
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China''s CALB Wants Lithium Battery Factory In Portugal
Chinese manufacturer CALB is planning on building a lithium-ion battery factory in Portugal, the APA Portuguese environment agency said on Monday. Portugal has the largest reserves in Europe of lithium, the main element in the batteries that power electric cars.
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China''s CALB wants lithium battery factory in Portugal
The factory in the coastal town of Sines, around 100 kilometres (60 miles) south of the capital Lisbon, is due to become operational by the end of 2025. It will "serve the strong customer demand, mainly in the automobile industry," APA said on its website.
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China Aviation Lithium Battery Technology (CALB) is the promoter of a project for a lithium battery factory in Sines, in the district of Setúbal, which is under public consultation.
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Chinese manufacturer CALB is planning on building a lithium-ion battery factory in Portugal, the APA Portuguese environment agency said on Monday. Portugal has the largest reserves in Europe of lithium, the main element in the batteries that power electric cars.
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China''s CALB wants lithium battery factory in Portugal
The factory in the coastal town of Sines, around 100 kilometres (60 miles) …
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China''s CALB wants lithium battery factory in Portugal
Chinese manufacturer CALB is planning on building a lithium-ion battery factory in Portugal, the APA Portuguese environment agency said on Monday. Portugal has the largest reserves in Europe of lithium, the main element in the batteries that power electric cars. The factory in the coastal town of Sines, around 100 kilometres (60 miles) south of the capital …
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China''s CALB Wants Lithium Battery Factory In Portugal
Chinese manufacturer CALB is planning on building a lithium-ion battery factory in Portugal, the APA Portuguese environment agency said on Monday. We''ve detected you are on Internet Explorer.
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China Aviation Lithium Battery Technology (CALB) is the promoter of a project for a lithium battery factory in Sines, in the district of Setúbal, which is under public consultation. According to Jornal Económico, the unit foresees an investment of 2,060 million euros and the creation of 1,800 direct jobs.
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