Statevolt, a US headquartered green industrialisation company, announced plans earlier this month to construct a new state-of-the-art, technology-agnostic battery cell gigafactory in the UAE’s Ras Al Khaimah.
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.
Statevolt Emirates, as the first gigafactory for battery production in the UAE, saw a huge untapped potential in Ras Al Khaimah, in particular. With RAK’s Energy Efficiency and Renewables Strategy 2040, we saw a window for sustainable and innovative developments – making it a perfect fit for our new venture.
We plan to reach a production capacity of 40 GWH. With a capital expenditure of $3.2bn, the factory will be built on 60 hectares of land in the Al Ghail Industrial Park in Ras Al Khaimah. Q. The UAE has an ambitious net zero target along with an EV strategy.
According to the company, the Gigafactory is designed to “set a new standard in battery technology” with superior safety and extended lifecycle, delivering battery solutions that are adaptable to a wide range of climates and conditions.
“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.
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