China News
ENERGY TECH
China's CALB announces European battery plant in Portugal
China's CALB announces European battery plant in Portugal
by AFP Staff Writers
Lisbon (AFP) Feb 24, 2025

Chinese lithium battery manufacturer CALB announced plans Monday to build its first European plant in Portugal, a two-billion-euro ($2.1-billion) investment it hopes will help it crack the continent's electric car market.

CALB said it would break ground this year on the factory in Sines, around 100 kilometres (60 miles) south of Lisbon, which it expects to start supplying the European market by 2027 and be fully operational in 2028.

"We chose Portugal to establish our European gigafactory because of its strategic advantages," the chairwoman of the company's board, Liu Jingyu, told an event in Lisbon to present the project.

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.

Portuguese Economy Minister Pedro Reis called the announcement a "victory for Portugal".

CALB said in a statement it wanted to reinforce its presence on the European electric car and energy storage markets.

The company hopes to directly create around 1,800 jobs with the plant, which will have an energy storage capacity of 15 gigawatt hours, it said.

Related Links
Powering The World in the 21st Century at Energy-Daily.com

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
ENERGY TECH
Scientists Probe Declining Earbud Battery Longevity
Los Angeles CA (SPX) Feb 05, 2025
Have you ever noticed how electronic devices, including wireless earbuds, seem to lose battery capacity faster the longer you use them? An international research team from The University of Texas at Austin set out to examine this familiar issue, known as battery degradation, by focusing on the earbuds that many people rely on daily. Through a series of x-ray, infrared, and other imaging approaches, the researchers investigated the hidden complexities behind these tiny devices and revealed why their batt ... read more

ENERGY TECH
Chinese space firm showcases mobile-to-satellite communication tech

Names of Chinese Lunar Rover and Spacesuits Announced

Astronaut insights from mid mission aboard Tiangong

Chinese Satellite Companies Expand Global Services with Advanced Networks and Constellations

ENERGY TECH
Asian markets mixed after latest Trump tariff threat

Bolivia inaugurates steel plant built with Chinese loan

Beijing says China, US should show 'mutual respect' on trade tensions

Hong Kong to slash public spending, civil service jobs

ENERGY TECH
ENERGY TECH
U.S. sides with Russia in U.N. resolution votes on Ukraine war

Trump's Pentagon shakeup puts military in political spotlight

US army commander meets Cambodian leader to 'expand defence ties'

Xi says China and Russia are 'true friends' who 'support each other': state media

ENERGY TECH
GE Vernova advances UK SMR development with new supplier agreements

Bangladesh calls for continued Russian nuclear collaboration

French nuclear giant Orano triples profits

Kazakhstan inks first deal to supply uranium to Switzerland

ENERGY TECH
Britain, Norway vow to beef up subsea security

Taiwan says detains Chinese-crewed ship after subsea cable cut

EU to enhance security of undersea cables after sabotage

Chatbot vs national security? Why DeepSeek is raising concerns

ENERGY TECH
GE Vernova advances UK SMR development with new supplier agreements

Bangladesh calls for continued Russian nuclear collaboration

French nuclear giant Orano triples profits

Kazakhstan inks first deal to supply uranium to Switzerland

ENERGY TECH
Green energy projects adding to Sami people's climate woes: Amnesty

New Study Enhances Trust in Wind Power Forecasting with Explainable AI

Trump casts chill over US wind energy sector

US falling behind on wind power, think tank warns

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.