Eurocell to build “world-beating” gigafactory
It will deliver ‘production ready’ batteries within just 12 months, Eurocell claims
Eurocell is an Anglo-Korean, next-generation battery company, set to build its first European Gigafactory, producing ‘production ready’ EV battery technologies in just 12 months.
With an initial £600 million investment planned over two phases, Eurocell intends to supply European energy storage, automotive, and e-mobility applications. Full capacity will be reached as early as 2025.
A specific location for the gigafactory has yet to be decided but the UK, Netherlands and Spain are being considered. Eurocell is already looking at sites and the final choice is heavily dependent on the right level of central government support and investment.
Eurocell’s batteries, developed in Korea, have technical advantages as they last over ten times longer than conventional lithium-ion cells (it claims), making them more sustainable, with no ‘end of life’ issues.
Recardo Bruins, CEO Eurocell EMEA “Now we are planning to rapidly expand in Europe, supplying the energy storage and automotive industries with our technologies that last longer, perform better and are 100% safe. These products can be on the market in months, not years.”
Eurocell intends to construct its new Gigafactory in two phases. The first will begin producing battery cells at scale by early 2023. In parallel, a bespoke facility will be constructed on the same site, capable of producing in excess of 40 million cells per year by 2025.
Image courtesy of Eurocell.