Manufacturing & Supply Chain

Eurocell EMEA to invest $800 million in European Gigafactory

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Eurocell EMEA to invest $800 million in European Gigafactory

Eurocell EMEA to invest $800 million in European Gigafactory
March 02
10:17 2022
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Anglo-Korean next-generation battery company Eurocell EMEA is set to build its first European Gigafactory producing proven, production-ready technologies by 2023. As the final phase of a 15-year, $100 million R&D programme, the Eurocell Gigafactory will supply Europe’s energy storage, automotive, e-mobility and consumer electronics industries.

The chosen Gigafactory location will create hundreds of direct jobs and many more indirect employment opportunities. It carries with it a strong ESG focus and a comprehensive knowledge transfer programme bringing vital skills from Korean battery experts and boosting the economy in a strategically crucial sector.

Recardo Bruins, CEO Eurocell EMEA, said: “Eurocell in the UK is a new company, led by a highly experienced UK team and backed by our South Korean partner with decades of experience in electro-chemistry, making batteries at mass-scale and building the Gigafactories to produce them. Now we are planning to rapidly expand in Europe, supplying the energy storage and automotive industries with our market-leading technologies that last longer, perform better and are 100% safe. These products can be on the market in months, not years.

“To fulfil our mission, we are actively seeking a European manufacturing base and are in advanced discussions with sites in the UK, Netherlands and Spain. With the right level of central engagement and support we are keen to take advantage of the rapidly growing European market as quickly as possible.”

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