Energy storage lithium battery investment and construction factory

When will a lithium battery factory be built?

The project is expected to start construction this year and is scheduled to be completed in 2028. The factory is expected to have an energy storage production capacity of 15 GWh and will adopt the latest generation of lithium battery technology, committed to becoming an important supplier to the European electric transportation industry.

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.

Is the battery industry entering a new phase of development?

After years of investments, global battery manufacturing capacity reached 3 TWh in 2024, and the next five years could see another tripling of production capacity if all announced projects are built. These trends point to a battery industry entering a new phase of its development.

How will government-led efforts reshaped the battery industry?

This is likely to result in further consolidation across the industry, which is simultaneously being reshaped by government-led efforts to geographically diversify battery supply chains, IEA experts say. The global battery market is growing rapidly as demand rises sharply and prices continue to fall.

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 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 storage.