Portuguese container lithium battery manufacturer
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CALB breaks ground on battery plant in Portugal as Chinese battery
Chinese power battery maker CALB (HKG: 3931) has began construction of its battery plant in Portugal, its first overseas factory, as it begins its efforts to add capacity overseas.
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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
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FAQs 6
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.
Will CALB build a battery plant in Portugal?
CALB announced on November 3, 2022, that it signed a memorandum of cooperation with the Portuguese government to build its first production site in Europe. The company's battery project in Portugal was planned at an industrial zone near a port in Sines, which is located in the heart of European logistics, a CALB press release said at the time.
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)”.
Could a massive lithium battery project represent 4% of Portuguese GDP in 2028?
Massive project “could represent 4% of Portuguese GDP in 2028” The project by Chinese group CALB to build a mega lithium battery factory in Sines, which could represent 4% of Portuguese GDP in 2028, is being reconsidered, reports Jornal Económico. This could be a situation stemming from the decision to remove Huawei from the national 5G networks.
Where will the new lithium battery factory be built?
In a statement sent to the Lusa news agency, the Chinese company, a global leader in the production of lithium-ion batteries, announced that the project for the construction of the latest generation lithium battery factory will be launched on Monday at the Técnico Innovation Center, in Lisbon.
How many electric vehicles can a Portuguese plant power?
The first phase of the Portuguese plant has an annual capacity of 15 GWh, enough to power approximately 300,000 electric vehicles (EVs), assuming each vehicle carries a 50 kWh battery pack, the report noted.
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