Lisbon: Chinese manufacturer CALB is planning on building a lithium-ion battery factory in Portugal, the APA Portuguese environment agency said on Monday. Portugal has the largest reserves in Europe of lithium, the main element in the batteries that power electric cars.
With electric vehicle (EV) sales surging across Europe, Swedish battery manufacturer Northvolt announced April 13 its intent, together with Lisbon-based multinational energy conglomerate Galp Energia, to construct a massive lithium conversion plant on Portugal’s southern coast.
The companies believe the area, home to 300,000 and 270,000 tons of respective lithium reserves in Spain and Portugal, offers the necessary tools to extract, concentrate, and convert the mineral with a limited footprint.
China Aviation Lithium Battery Technology (CALB) is the promoter of a project for a lithium battery factory in Sines, in the district of Setúbal, which is under public consultation. By TPN, in News, Business, Portugal, Asia · 22 Jan 2024, 15:02 · 3 Comments
The joint venture is also exploring funding options to support the project's development. Aurora aims to build Europe's largest sustainable lithium plant in Portugal, producing 35,000 tons annually by 2026, supporting the battery value chain and energy transition efforts.
Portugal has the largest reserves in Europe of lithium, the main element in the batteries that power electric cars. Lisbon: Chinese manufacturer CALB is planning on building a lithium-ion battery factory in Portugal, the APA Portuguese environment agency said on Monday.