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.
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)”.
Is China a 'historic investment for the green economy' in Portugal?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. In a statement, the Chinese manufacturer called it “a historic investment for the green economy in Portugal”.
Will a new battery factory create new jobs in Portugal?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,” said Liu Jingyu, chairman of the Board of Directors of CALB. Once operational, the plant will have a production capacity of 15 GWh of energy stora
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The Battery manufacturer CALB, headquartered in China, is planning to invest 2 billion euros in Sines, 1h30 min south of Lisbon, to build a lithium battery manufacturing
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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.
“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)”.
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. In a statement, the Chinese manufacturer called it “a historic investment for the green economy in Portugal”.
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,” said Liu Jingyu, chairman of the Board of Directors of CALB. Once operational, the plant will have a production capacity of 15 GWh of energy storage.
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