Avesta Holding Announces Construction of Lithium Iron Phosphate Gigafactory in Europe with Initial Capacity of 5GWh, Expected to Expand to 20GWh

Published: Jun 12, 2024 19:24
Lithium iron phosphate batteries: European battery manufacturer Avesta Holding announced its plan to build a new gigafactory specialized in the production of advanced lithium iron phosphate (LFP) batteries. With an initial planned production capacity of 5GWh/year, the factory will support its subsidiaries, including Avesta Battery & Energy Engineering (ABEE), battery factory BE-Volt, and other strategic partners. With the expansion of the factory, the production capacity is expected to reach 20GWh.

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