Will China build a new battery plant in Finland?
Image: Kuvakaappaus Caixin Global -sivustolta Ningbo Shanshan, a Chinese battery-materials manufacturer, has announced plans to invest 1.3 billion euros in building a new plant in Finland.
Why should you buy a lithium battery plant in Europe?
It has low electricity prices, and can get the product to major battery clients in Western and Central Europe," the statement said, adding that the plant will serve the western and central European markets. On completion, the plant will produce 100,000 tonnes of anode material for lithium batteries.
How long does it take to build a new factory in Finland?
In a press release, the Chinese firm said that the Finnish factory will be built in two phases, each taking two years. Finland's low electricity prices and seaports were key factors in the company's decision. "North Europe mainly uses energy generated from hydropower and biomass fuels.
Who is the world's largest supplier of electric car battery materials?
Ningbo Shanshan is the world’s largest supplier of electric car battery materials. A screenshot of a report by Chinese news outlet Caixin Global following Ningbo Shanshan's announcement. Image: Kuvakaappaus Caixin Global -sivustolta
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