The Netherlands – In order to serve the region’s energy storage and e-mobility markets, battery manufacturer Eurocell is well along in the process of planning to construct its first European gigafactory in the Netherlands.
Eurocell plans to build its new factory in two stages, with full production beginning as early as 2025. By early 2023, the first phase will start mass producing battery cells for current European customers. By 2025, the second stage will be able to produce more than 40 million cells annually.
Increasing investment
The gigafactory, with an initial investment of $800 million that will rise to $2 billion by 2028, will produce hundreds of direct and indirect jobs. Faster than other gigafactories, Eurocell will produce technologies that are ready for production in just 12 months. The batteries made by Eurocell, which were developed in Korea, also have a significant technical advantage in that they are ten times more durable than typical lithium-ion cells.
