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Will China build a lithium-ion battery factory in Portugal?

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.

Will China invest 2 billion in EV battery factory in Portugal?

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.

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.

Can Portugal build a fully integrated lithium supply chain?

Alongside Spain, Portugal is leveraging its abundant lithium deposits to build a fully integrated supply chain, covering: Strengthening Europe's battery ecosystem by reducing reliance on Chinese manufacturers will enhance supply chain security and create a more resilient local production network for lithium-ion batteries.

How many jobs will a lithium-ion battery factory create?

According to CALB, the factory will create 1,800 direct jobs. Portugal has some of the world's largest reserves of lithium, a key ingredient in the batteries that power electric cars: an estimated 60,000 tonnes, according to the US Geological Survey. Read also: Lithium-Ion battery production goes global

Where will the new lithium battery factory be built?

In a statement sent to the Lusa news agency, the Chinese company, a global leader in the production of lithium-ion batteries, announced that the project for the construction of the latest generation lithium battery factory will be launched on Monday at the Técnico Innovation Center, in Lisbon.

Will a 200MW solar plant be built in DRC?

A 200MW solar plant project is set to be constructed in Democratic Republic of Congo (DRC). Soleos Energy, an Indian renewable energy developer, and Melci Holdings, a specialist in electrical engineering inked a deal to launch the project.

What is soleos energy doing in DR Congo?

Soleos Energy CFO Jason Temasfieldt mentioned that this project is part of the company's broader goal to develop 1 GW of solar projects in the DRC. The initiative is the pilot phase of a 500-MW plan, as highlighted by DR Congo's foreign trade minister, Julien Paluku Kahongya.

What is DR Congo's 500 MW project?

The initiative is the pilot phase of a 500-MW plan, as highlighted by DR Congo's foreign trade minister, Julien Paluku Kahongya. In addition to contributing to the region's energy supply, the project is expected to create over 2,000 jobs during construction and over 500 permanent positions upon completion, expected by late 2025.

How will solar energy impact the DRC's energy landscape?

Melci Holdings' Director, Prof. Madiba, emphasized the project's impact on the DRC's energy landscape: “This project represents a turning point in the energy landscape of the DRC. By harnessing solar energy at this scale, we will be able to meet the critical energy demands of the region and pave the way for sustainable growth.”