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Chinese manufacturer CALB is planning on building a lithium-ion battery factory in Portugal, the APA Portuguese environment agency said on Monday. Portugal has the largest reserves in Europe of lithium, the main element in the batteries that power electric cars.
The Chinese battery maker CALB and the Portuguese government signed a memorandum on November 2 to launch a battery production plant in the country.
China Aviation Lithium Battery Technology (CALB) is the promoter of a project for a lithium battery factory in Sines, in the district of Setúbal, which is under public consultation. By TPN, in News, Business, Portugal, Asia · 22 Jan 2024, 15:02 · 3 Comments
According to the China Automotive Power Battery Industry Innovation Alliance, an industry association, CALB was in 2021 the third largest Chinese manufacturer of batteries for electric cars.
CALB "has not yet signed a legally binding agreement", so "the cooperation contemplated in the memorandum of understanding may or may not advance". The company also mentioned that the eventual installation of a factory in Portugal would be part of a strategy to create "industrial bases in Europe".
“Another setback was the defeat in March in a lawsuit that had been filed by the market leader in China’s lithium battery sector, CATL. CALB was fined €3.7 million euros for violating competition rules”. Jornal Económico says it has tried to obtain clarification from the CALB group, “but has so far received no response”.
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