Technical FAQs 4

Will China invest 2 billion in EV battery factory in Portugal?

China’s CALB to invest $2 billion in EV battery factory in Portugal LISBON, Feb 21 (Reuters) – China’s CALB, one of the world’s largest battery makers for electric vehicles, said on Friday it would invest 2 billion euros ($2.09 billion) in a gigafactory in Portugal that is expected to start production in 2028.

What is China Aviation lithium battery (CALB) doing in Portugal?

China Aviation Lithium Battery (CALB) plans to invest US$2.09 billion in a 15GWh EV battery factory in Sines, Portugal, set to start operations in 2028. The project aims to create 1,800 jobs and could contribute over 4% to Portugal’s GDP.

Is China launching a battery plant in Portugal?

The Chinese battery maker CALB and the Portuguese government signed a memorandum on November 2 to launch a battery production plant in the country.

Can Portugal be a leader in battery production for electric vehicles?

Liu Jingyu, the President of CALB’s Board of Directors, highlighted the factory’s potential to position Portugal as a leader in battery production for electric vehicles across Europe. The project aligns with broader efforts to transition the European automotive sector towards sustainable electric vehicles.

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