China’s CALB declares European battery plant in Portugal
by AFP Workers Writers
Lisbon (AFP) Feb 24, 2025
Chinese language lithium battery producer CALB introduced plans Monday to construct its first European plant in Portugal, a two-billion-euro ($2.1-billion) funding it hopes will assist it crack the continent’s electrical automobile market.
CALB mentioned it will break floor this 12 months on the manufacturing unit in Sines, round 100 kilometres (60 miles) south of Lisbon, which it expects to begin supplying the European market by 2027 and be absolutely operational in 2028.
“We selected Portugal to ascertain our European gigafactory due to its strategic benefits,” the chairwoman of the corporate’s board, Liu Jingyu, instructed an occasion in Lisbon to current the undertaking.
Portugal has a number of the world’s largest reserves of lithium, a key ingredient within the batteries that energy electrical vehicles: an estimated 60,000 tonnes, based on the US Geological Survey.
Portuguese Financial system Minister Pedro Reis known as the announcement a “victory for Portugal”.
CALB mentioned in an announcement it wished to bolster its presence on the European electrical automobile and vitality storage markets.
The corporate hopes to instantly create round 1,800 jobs with the plant, which may have an vitality storage capability of 15 gigawatt hours, it mentioned.
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