Factbox: Companies invest in EV battery factories in Europe

LG Chem

06/06/2024 17:35

(Updates with factories planned by ACC, Douvrin, Dunkirk,
Heide)
       June 6 (Reuters) - Europe is seeking to attract electric
vehicle (EV) battery makers to build factories in the region -
home to carmakers such as Volkswagen and Stellantis - as it
tries to cut dependency on Asia and win a green subsidies race
with the United States.
    Below is an overview, including by country listing, of those
operating and those planned:

    PLANNED FACTORIES IN EUROPE
    * Automotive Cells Company (ACC) - a JV of Stellantis
 STLAM.MI   STLAM.PA , Mercedes Benz  MBGn.DE  and TotalEnergies
 TTEF.PA  - secured financing worth 4.4 billion euros ($4.76
billion) in February. It plans to spend over 7 billion euros on
three gigafactories in Europe with 40 GWh capacity each by 2030.
    However, ACC said in June it had paused work on factories in
Germany and Italy as it switches to lower-cost batteries amid
slowing demand for electric vehicles.
    * Stellantis  STLAM.MI  aims to build a plant to produce
lithium iron phosphate (LFP) batteries in Europe as part of a
planned joint venture with Chinese EV battery giant CATL
 300750.SZ . 
    CEO Carlos Tavares said in January the group was in talks
with the Spanish government to secure subsidies to build a
gigafactory in the country. 
    
    BY COUNTRY
    
    BELGIUM
    PLANNED
    * SENEFFE-MANAGE: Avesta Battery and Energy Engineering
expects its 40 million euro plant to be fully operational before
2030, with capacity of 3 GWh.

    BRITAIN
    PLANNED
    * COVENTRY: The West Midlands Gigafactory JV said in October
it was in advanced talks with several Asian battery makers about
investment at the site, following Coventry's approval for a
potential plant. The pitch includes 60 GWh of output with
production due to start in 2025.
    * SOMERSET: India's Tata Group  TAMO.NS  will build a 4
billion pound ($5 billion) gigafactory to supply its Jaguar Land
Rover factories. The plant will have initial output of 40 GWh,
with production starting in 2026.
    * SUNDERLAND: China's Envision is building a factory near
Nissan's  7201.T  plant, with production to start in 2025 and
capacity of 12 GWh.
    * N/A: Nanotech Energy is investigating seven sites in the
UK as a final location for a planned 1 billion pound factory.

    CZECHIA
    OPERATING
    * HORNI SUCHA: MES targets output of 15 GWh at a plant worth
1.4 billion Czech crowns ($63 million), opened in September 2020
with initial capacity of 200 MWh.

    FINLAND
    PLANNED
    * KOTKA: Finnish Minerals Group has signed a memorandum of
understanding with a potential partner for a cell production
plant. An environmental impact assessment for the facility,
based on options for 27 GWh and 40 GWh of output, will be
completed by summer 2024.
    * N/A: China's Svolt shortlisted Finland among other
countries as a potential location for a battery cell factory
with capacity of about 50 GWh.
    
    FRANCE
    OPERATING
    * DOUVRIN: The ACC Douvrin plant was inaugurated on May 30,
2023, with operations starting in the second half of the year.
    In March, ACC and Bouygues'  BOUY.PA  energy arm Equans
signed an investment deal to double the plant's production
capacity, currently 13 GWh, by 2026.
    * QUIMPER: Blue Solutions' factory in Ergue-Gaberic was
inaugurated in 2013. The company says on its website its two
factories in France and Canada have combined capacity of 1.5
GWh. It was not clear how much of this was in France.

    PLANNED
    * HAUTS-DE-FRANCE: Stellantis-backed Tiamat Energy plans to
raise 150 million euros to build a 5 GWh gigafactory for
sodium-ion battery cells by 2029.
    * DOUAI: Envision is investing up to 2 billion euros in an
AESC gigafactory near the "Renault ElectriCity" EV hub. The
plant will have capacity of 9 GWh in 2024 and targets 24 GWh by
2030.
    * DUNKIRK: Taiwan's ProLogium is working to secure
government subsidies for a 5.2 billion euro factory. Production
is slated to begin in 2026, with targeted capacity of 48 GWh.
    * DUNKIRK: French start-up Verkor said in May it had secured
more than 1.3 billion euros in financing for a factory in
Dunkirk it is building with targeted capacity of 12 GWh. Renault
 RENA.PA  will be its biggest client.
    
    GERMANY
    OPERATING
    * GRUENHEIDE: Tesla  TSLA.O  is seeking approval from the
German government to double the capacity of its 5 billion euro
battery plant near Berlin from its current 50 GWh.
    * ERFURT: China's CATL is ramping up capacity of its plant
from 8 GWh to 14 GWh.
    * LUDWIGSFELDE: Microvast's  MVST.O  plant has capacity of
1.5 GWh and targets up to 6 GWh.
    
    PLANNED
    * HEIDE: Northvolt on March 25 began construction of its
plant after 902 million euros in German government subsidies
were approved by the European Commission in January. It plans to
invest 3 billion-5 billion euros in the plant.
    In June, Bloomberg reported that Germany was pushing
Northvolt to build a second gigafactory in the country.
    * KAISERSLAUTERN: One of ACC's three gigafactories is
expected to start operations in 2025, but the group put works on
hold in June.
    * SALZGITTER: Volkswagen  VOWG_p.DE  plans to build six
plants in Europe totaling 240 GWh by 2030. Production at the
first plant will start in 2025 with targeted capacity of 40 GWh.
    * TUBINGEN: Cellforce plans to launch a 100 MWh plant in
2024.
    
    HUNGARY    
    OPERATING
    * GOED: Samsung's 1.2 billion euro factory with 30 GWh
capacity started production in 2018.
    
    PLANNED
    * DEBRECEN: CATL is building a 7.3 billion euro plant
targeting capacity of 100 GWh. It started construction in 2022
and aims to start production in two to three years.
    * DEBRECEN: China's EVE Power will spend 1 billion euros to
build a 28 GWh plant, Hungary's foreign minister said in May.

    ITALY
    PLANNED
    * SCARMAGNO, ROMANO CANAVESE: Italvolt expects a 3.5 billion
euro plant to be operational by 2024, with targeted capacity of
45 GWh.
    * TEREVOLA: FAAM expects its 570 million euro plant to be
operational by 2024, with targeted capacity of 8 GWh.
    * TERMOLI: ACC will spend over 2 billion euros to build a
gigafactory. The plant was set to open in 2026 and to reach full
capacity in 2030, but the group put works on hold in June.
        
    NORWAY
    PLANNED
    * MO I RANA: FREYR expects its $1.7 billion plant to be
fully operational by 2028, with targeted capacity of 83 GWh.
    * ARENDAL: Morrow expects the first expansion of its 470
million euro plant to be operational by the first half of 2024,
with targeted capacity of 32 GWh.
    * HAUGALAND: Beyonder's plant will be fully operational by
2024, with targeted capacity of 10 GWh.
    * TRONDHEIM: Elinor invested 10 billion Norwegian crowns
($935 million) in a plant set to start operations by 2026 and
with capacity of about 40 GWh by 2030.

    POLAND
    OPERATING
    * WROCLAW: LG Energy Solution's  051910.KS  plant started
production in 2017 with capacity of 100,000 batteries and a
target of 115 GWh by 2025.
    
    PORTUGAL
    PLANNED
    * SINES: China's CALB expects its factory to start operating
by end-2025 at 15 GWh, rising to 45 GWh in 2028.

    SERBIA
    OPERATING
    * SUBOTICA: ElevenES opened its LFP battery cell facility in
April aiming for output of 48 GWh by 2027. The planned
investment is 1 billion euros.
    
    PLANNED
    * CUPRIJA: InoBat plans to build a gigafactory with
government funding of 419 million euros. It will be operational
by 2025, with an initial capacity of 4 GWh and a target of 32
GWh.
    
    SLOVAKIA
    PLANNED
    * SURANY: Slovak startup Inobat and China's Gotion High Tech
 002074.SZ  will build an EV battery factory in Europe by 2026
with initial output of 20 GWh.
    
    SPAIN 
    PLANNED
    * BASQUE COUNTRY: BASQUEVOLT plans to invest more than 700
million euros in a plant targeting capacity of 10 GWh by 2027.
    * NAVALMORAL DE LA MATA: Spain signed a deal with Envision
to build a 2.5 billion euro plant with capacity of 30 GWh.
    * SAGUNTO: Volkswagen and partners said in 2022 they would
invest 10 billion euros in a 40 GWh plant, with production
starting by 2026.
    * VALLADOLID: InoBat signed a declaration of intent with the
Spanish government to set up a 32 GWh factory worth 3 billion
euros.
    
    SWEDEN
    OPERATING
    * SKELLEFTEA: Northvolt's factory started production in 2021
and targets 40 GWh by 2025.
    
    PLANNED
    * BORLANGE: Northvolt's plant is scheduled to start
production in 2025 and be fully operational by 2030, targeting
150 GWh.
    * GOTHENBURG: Northvolt spent 30 billion Swedish crowns ($3
billion) on a plant set to start production by 2025, with
targeted capacity of 50 GWh.
    
    SWITZERLAND 
    PLANNED
    * FRAUENFELD: SCB expects its plant worth 775 million Swiss
francs ($880 million) to be fully operational before 2030, with
a target of 7.6 GWh.

($1 = 0.9247 euros)
($1 = 0.7920 pounds)
($1 = 22.2040 Czech crowns)
($1 = 10.6904 Norwegian crowns)
($1 = 10.4404 Swedish crowns)
($1 = 0.8809 Swiss francs)

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FACTBOX-What's in the EU's green industrial plan?    
 urn:newsml:reuters.com:*:nL8N35N6NN
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 (Compiled by Alessandro Parodi, Tiago Brandao and Matteo
Allievi; Editing by Barbara Lewis, Milla Nissi and Jan Harvey)
 ((Alessandro.Parodi@thomsonreuters.com;))