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. 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. The project has been granted "National Interest Project" (PIN) status by the Portuguese government and has successfully obtained special grid access rights to meet its enormous energy needs due to its scale and strategic significance.
The factory is located in the Sines Industrial Zone, covering an area of 45 hectares and including five production buildings. Although the project received conditional approval from the environmental protection department in August 2024, it still needs to comply with specific environmental protection requirements.
Edited by Cassie Li, lixiangying@mysteel.com
