China’s CALB is to invest US$2.09 billion in an EV battery factory in Portugal – Macao News

Sapo

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The Minister of Economy announced that, according to CALB, there are suppliers of this company that are considering Portugal as an investment destination.

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Located about 100 kilometres from Lisbon, the future site will have a capacity of 15 gigawatts of energy storage.

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Portugal: Chinese CALB to set up lithium battery plant for 2 billion euros Admin FCE 24 Feb 2025 - 18:03 Chinese manufacturer CALB announced on Monday the construction of a lithium electric battery production plant for the automotive industry, about 100 kilometres south of Lisbon, for more than two billion euros."We chose Portugal to set up our European plant because of the country's strategic benefits," said Liu Jingyu, President of the Board o…

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China’s CALB is to invest US$2.09 billion in an EV battery factory in Portugal – Macao News

China Aviation Lithium Battery (CALB), one of the world’s largest producers of lithium-ion batteries, is to build a 15GWh battery factory in Portugal, reports SAPO.… Read More: The post China’s CALB is to invest US$2.09 billion in an EV battery factory in Portugal – Macao News appeared first on Bible Prophecy In The Daily Headlines.

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The Chinese investment of 2,000 million euros is expected to create around 1,800 direct jobs. Government expects tax revenues exceeding one billion euros.

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The Chinese company CALB will publicly present its project this Monday to invest more than 2 billion euros in a battery factory in Sines, one of the largest industrial investments in Portugal since Autoeuropa