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 China invest €2B in Portugal to build a new lithium battery factory?
The Chinese company CALB has confirmed that it will invest €2Bn in Portugal to build a new lithium battery factory at Sines. The launch of the project took place today (Monday) in Lisbon and was attended by the President of the Board of CALB, Liu Jingyu and Portugal’s Minister of the Economy, Pedro Reis.
Will Portugal invest in a lithium battery factory in Sines in 2023?
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.
How much money will Portugal invest in a new lithium battery?
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.
Will Reindustrialisation help China's Lithium battery factory in Sines?
LISBON - The Chinese CALB lithium battery factory in Sines, in south western Portugal, whose €2 billion project was launched on Monday in Lisbon, could receive up to €350 million in support under the European incentive scheme for reindustrialisation.
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)”.
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Chinese lithium factory in Sines could get €350 …
LISBON - The Chinese CALB lithium battery factory in Sines, in south western Portugal, whose €2 billion project was launched on Monday in Lisbon, could receive up to €350 million in support...
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