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Serbian battery developer ElevenEs is finalising a project for the construction of a mega factory that will produce Lithium Iron Phosphate (LFP) batteries in the country’s northern city of Subotica, CEO Nemanja Mikac told SeeNews.
The Republic of Serbia could be a technological leader in LFP battery production in the whole world outside of China, because it has a chance to become the first in Europe to mass-produce this type of battery. The signed Memorandum with the European Union envisages a serious focus on the ecosystem of electric vehicles and battery production.
Backed by EU funds, it will build Europe’s first factory of the kind in Subotica, Serbia, aiming to reach a capacity of 16 GWh per year. By 2030, Europe will need 14 times more batteries than it produces today.
ElevenEs, a European leader in Lithium Iron Phosphate (LFP) batteries, manufactures the EDGE cobalt- and nickel-free cells in Serbia. Founded in 2021, their sustainable, high-performance batteries serve electric vehicles and large-scale energy storage, backed by Al Pack Group and EIT InnoEnergy.
Founded in 2021 as an industrial spin-off of Al Pack Group, the company produces advanced LFP battery cells from its base in Subotica, Serbia. The company stands out for creating the first cobalt and nickel-free battery cells in Europe, making significant contributions to sustainable energy solutions.
The economic and market potential of this type of business model and supply chain in Serbia is enormous. We could expect about 10-12 billion euros of new income for Serbia and about 20 thousand new jobs in our country, as well as a consequent serious growth and development of employees in the industry.
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