Belgian group Avesta Battery & Energy Engineering (ABEE) is planning a 1.4 billion euro ($1.53 billion) battery plant in Romania’s Galati, creating up to 8,000 jobs, the city’s mayor said.
“Our city has become more and more attractive to investors,” Galati Mayor Ionut Pucheanu said on Facebook.
The lithium-ion factory will have production capacity of 22 GWh, news agency Agerpres reported.
“Battery production is crucial for the (European Union) due to the current market situation where China dominates the supply of Li-ion batteries,” the agency quoted an ABEE official as saying.
The plant’s production will be aimed at the car sector, with Renault’s Dacia and U.S. carmaker Ford producing vehicles in Romania, as well as batteries for use in the energy storage market.
In May, ABEE signed a contract with North Macedonia to build a factory for the production of electric batteries for cars.