Lisbon, Feb 24, 2025 (AFP) - China's CALB announces European battery plant in Portugal

NAMPA / AFP
2025-02-24
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 Por......
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