China’s CALB to invest $2 billion in EV battery factory in Portugal LISBON, Feb 21 (Reuters) – China’s CALB, one of the world’s largest battery makers for electric vehicles, said on Friday it would invest 2 billion euros ($2.09 billion) in a gigafactory in Portugal that is expected to start production in 2028.
February 2025 Chinese battery manufacturer CALB has confirmed its plans to build a production facility for lithium-ion batteries in Portugal. The factory with an annual capacity of 15 gigawatt-hours is intended to start production in 2028. According CALB, the investment amounts to two billion euros.
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.
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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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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Learn MoreChinese 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.
Learn MoreCALB plans to build a lithium-ion battery factory with an annual capacity of 15 gigawatt-hours in Portugal, going into operation in 2028.
Learn MoreThe factory is located in Sines, Portugal, a choice driven by the country’s political ties with China, its vast lithium reserves—the largest in Europe—and its renewable energy infrastructure, Jiemian reported. …
Learn MoreChina’s CALB to invest $2 billion in EV battery factory in Portugal LISBON, Feb 21 (Reuters) – China’s CALB, one of the world’s largest battery makers for electric vehicles, said on Friday it would invest …
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Learn MoreChina’s CALB to invest $2 billion in EV battery factory in Portugal LISBON, Feb 21 (Reuters) – China’s CALB, one of the world’s largest battery makers for electric vehicles, said …
Learn MoreChinese battery manufacturer CALB will start with the construction of its first European battery factory this year. The plant at the port of Sines, Portugal, first announced in …
Learn MoreCALB, after CATL and BYD, is China''s third-biggest battery maker. It has broken ground for a brand new factory in the Portuguese deepwater port of Sines, halfw
Learn MoreCALB plans to build a lithium-ion battery factory with an annual capacity of 15 gigawatt-hours in Portugal, going into operation in 2028.
Learn MoreChinese battery manufacturer CALB will start with the construction of its first European battery factory this year. The plant at the port of Sines, Portugal, first announced in 2022, is scheduled to go into …
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