Wednesday, October 1, 2025
  • PRESS RELEASE
  • ADVERTISE
  • CONTACT
Happy With Car
No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS
Happy With Car
No Result
View All Result
Companies invest in EV battery factories in Europe, Auto News, ET Auto

Companies invest in EV battery factories in Europe, Auto News, ET Auto

by admin
June 22, 2023
in Auto News
0 0
0
Share on FacebookShare on Twitter


<p>Volkswagen plans to build six battery factories in Europe totalling 240 gigawatt (GWh) of capacity by 2030. Production at its first battery plant, "SalzGiga", in Salzgitter in the Lower Saxony region will start in 2025.</p>
Volkswagen plans to construct six battery factories in Europe totalling 240 gigawatt (GWh) of capability by 2030. Manufacturing at its first battery plant, “SalzGiga”, in Salzgitter within the Decrease Saxony area will begin in 2025.

Europe is searching for to lure electrical car (EV) battery makers to construct factories within the area because the bloc – residence to carmakers akin to Volkswagen and Stellantis – tries to chop its dependency on Asia and win a inexperienced subsidy race with america.

In addition they need to appeal to suppliers of elements and elements for making electrical automobiles and their batteries.

Under are current investments introduced by firms:

GERMANY

Sweden’s Northvolt mentioned on Could 13 it is going to make investments 3-5 billion euros (USD3.3-5.5 billion) in an EV battery plant in Heide within the northern state of Schleswig-Holstein so long as subsidies are accredited. One supply near the matter estimated the subsidies at greater than 600 million euros.

Volkswagen plans to construct six battery factories in Europe totalling 240 gigawatt (GWh) of capability by 2030. Manufacturing at its first battery plant, “SalzGiga”, in Salzgitter within the Decrease Saxony area will begin in 2025.

China’s CATL, which has been increasing quickly outdoors China, is ramping up manufacturing at its plant close to Erfurt within the central state of Thuringia.

Germany’s BASF is constructing a battery supplies web site within the japanese metropolis of Schwarzheide in Brandenburg.

U.S. Microvast constructed a manufacturing facility in Ludwigsfelde, south of Berlin.

Automotive Cells Firm (ACC) – a three way partnership of Stellantis, Mercedes Benz and TotalEnergies – plans to spend over 7 billion euros on three gigafactories in Europe, with a capability of 40 GWh every by 2030. One will likely be positioned in Kaiserslautern within the western state of Rhineland-Palatinate.

Gigafactory is a time period popularised by Tesla CEO Elon Musk and refers to vegetation producing batteries on a big scale.

FRANCE

Three way partnership ACC has constructed a gigafactory in Billy-Berclau Douvrin, France, as a part of its plan for 3 gigafactories in Europe. ACC has inaugurated the gigafactory on Could 30, with operations beginning within the second half of the yr.

Taiwan’s ProLogium introduced on Could 13 plans for a 5.2-billion-euro plant in Dunkirk – its first such abroad funding – after France supplied deal sweeteners and aggressive energy costs, executives from the corporate mentioned.

Envision is investing as much as 2 billion euros in its AESC gigafactory in Douai near the electrical automotive hub referred to as “Renault ElectriCity”. The plant can have a capability of 9 GWh in 2024, with the purpose of reaching 24 GWh by 2030.

“Renault ElectriCity” swimming pools three of the group’s vegetation in northern France, Douai, Ruitz and Maubeuge.

French start-up Verkor plans to construct a gigafactory in Dunkirk, for a focused capability of 12 GWh, sufficient to energy greater than 100,000 automobiles. Renault can be its greatest provider.

Blue Options’s gigafactory operates in Ergue-Gaberic, close to Quimper since 2013. Based on its Managing Director, Jean-Luc Monfort, in 2021, the corporate envisaged that each traces in Quimper and a line in Montreal would have a annual capability of 1.5 GWh.

SPAIN

Spain, Europe’s largest carmaker after Germany, signed a deal in July 2022 with China’s Envision to construct an EV battery plant price 2.5 billion euros in Navalmoral de la Mata within the central-western area of Extremadura, with deliberate annual capability of 30 GWh.

Volkswagen and its companions mentioned final yr they might make investments 10 billion euros to construct a 40 GWh battery plant in Sagunto close to Valencia, with manufacturing to start out by 2026, and produce electrical automobiles at its two automotive factories in Spain.

BASQUEVOLT plans to speculate greater than 700 million euros to construct a plant within the Basque Nation.

Slovakian battery producer InoBat mentioned final October it had signed a declaration of intent with the Spanish authorities to arrange an EV battery manufacturing facility in central Spain’s metropolis Valladolid, anticipated to value 3 billion euros.

China’s BYD Co, the world’s greatest vendor of EV and plug-in hybrids, might request funds from a revamped authorities scheme known as PERTE aimed toward encouraging EV manufacturing within the nation, Spanish newspaper Enlargement mentioned in April.

Volkswagen and Renault additionally plan to request funds from the PERTE scheme. Stellantis and newcomer AEHRA might do the identical.

India’s Tata Group mentioned in February it was Spain or Britain as potential battery manufacturing facility places.

ITALY

Three way partnership ACC plans to spend over 2 billion euros to develop a 40 GWh gigafactory within the southern metropolis of Termoli, with an funding of two billion euros. Operations are anticipated to start out in 2026.

POLAND

LG Chem EV battery in Wroclaw began manufacturing within the second half of 2017, with a capability of 100,000 batteries per yr. The European Fee accredited in March 2022 Poland’s measures of 95 million euros to help the enlargement of the plant, which goals to succeed in capability of 115 GWh in 2025.

HUNGARY

Samsung’s 1.2-billion-euro Goed manufacturing facility, with an annual capability of 30 GWh, has been in operation since 2018.

SWEDEN

Northvolt’s Skelleftea manufacturing facility has been working since 2021. It goals to attain an annual capability of 40 GWh by 2025.

  • Printed On Jun 22, 2023 at 07:11 PM IST

Be part of the neighborhood of 2M+ business professionals

Subscribe to our publication to get newest insights & evaluation.

Newsletter icon

Obtain ETAuto App

  • Get Realtime updates
  • Save your favorite articles


Scan to obtain App




Source link

Tags: AutobatterycompaniesEuropefactoriesinvestNews

Related Posts

BangShift.com FREE LIVE DRAG RACING: The Final Day Of The Moser Fall Triple 12’s Bracket Races Are LIVE Right Here!
Auto News

BangShift.com FREE LIVE DRAG RACING: The Final Day Of The Moser Fall Triple 12’s Bracket Races Are LIVE Right Here!

September 29, 2025
Market Insight: Top 10 segments set the trend
Auto News

Market Insight: Top 10 segments set the trend

September 29, 2025
Last of the lightweights: Alpine A110 vs Lotus Emira Turbo SE
Auto News

Last of the lightweights: Alpine A110 vs Lotus Emira Turbo SE

September 27, 2025
US auto: is a buoyant Q3 leading to an affordability crisis?
Auto News

US auto: is a buoyant Q3 leading to an affordability crisis?

September 26, 2025
Klang road closures Sept 27-29, October 1-2 for DYTM Raja Muda Selangor royal wedding – full schedule here
Auto News

Klang road closures Sept 27-29, October 1-2 for DYTM Raja Muda Selangor royal wedding – full schedule here

September 28, 2025
Porsche Patent Spark Reignites Hope for a Manual 911 Turbo : Automotive Addicts
Auto News

Porsche Patent Spark Reignites Hope for a Manual 911 Turbo : Automotive Addicts

September 26, 2025
Load More
Next Post
2023 J.D. Power Initial Quality Study shows there’s less quality than last year

2023 J.D. Power Initial Quality Study shows there's less quality than last year

k Morizo Edition GR Corolla arrives

$80k Morizo Edition GR Corolla arrives

Categories

  • Auto News (3,512)
  • Automative Reviews (2,007)
  • Car Brands (2,133)
  • Insurance (3,534)
  • Market (1,627)
  • New Cars (2,256)
  • Technology (2,135)
  • Videos (2,210)
Happy With Car

Find the latest automotive news. Read car news from the auto industry including auto shows, latest vehicles, future cars and more.

Categories

  • Auto News
  • Automative Reviews
  • Car Brands
  • Insurance
  • Market
  • New Cars
  • Technology
  • Videos

Recent News

  • 2021 Model Second Hand Maruti Wagonr Deal | second hand maruti cars deal
  • US Senators Call for Probe into Tesla’s Full Self-Driving Response at Rail Crossings, ETAuto
  • Leapmotor B10 priced, on sale November
  • Home
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact

Copyright © 2020 Happy With Car

No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS

Copyright © 2020 Happy With Car

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In