Dutch company builds factory for lithium-ion batteries in China

Oct

16

2018

The Dutch company Lithium Werks has signed a letter of intent to build a factory in China that will produce 500GWh of battery storage capacity by 2030. Lithium Werks wants to build several factories worldwide.

The 1.6-billion-euro factory of sixty hectares in the delta area of ​​the Yangtze River in China is to produce cells for lithium-ion batteries, says Lithium Werks . According to Kees Koolen, CEO of Lithium Werks, the demand for batteries is increasing strongly, among other things in order to be able to store the energy of windmills and solar panels. The company hopes that its turnover will exceed 1 billion dollars by 2020.

The factory in China is the first in a series that Lithium Werks wants to start worldwide. The company from Hengelo currently has 100 employees, but plans to develop a research campus in the area of ​​energy storage together with the University of Twente on the Technology Base site of the former airbase near Enschede. An investment of 100 million euros is available for this and the campus should have more than two thousand employees by 2025, according to plans.

Koolen signed the letter of intent in the presence of Dutch Prime Minister Mark Rutte and Chinese Prime Minister Li Keqiang. The signing is part of a two-day visit by Li Keqiang to the Netherlands.

Lithium Werks Technology Base Twente

Impression of research campus of Lithium Werks at Technology Base in Twente

Viewing:-47

In: A Technology & Gadgets Asked By: [20977 Red Star Level]

Answer this Question

You must be Logged In to post an Answer.

Not a member yet? Sign Up Now »