Belgian company Avesta Battery and Energy Engineering (ABEE) reportedly is preparing to invest EUR1.4bn in Galati, eastern Romania, to build an e-vehicle battery factory, according to the Adevarul daily.

Representatives of the Belgian firm announced that they would have a production capacity of 22GWh per year and would also develop a unit for recycling 50,000 tonnes of batteries annually.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

According to local media, cited by romania-insider.com, investors expect technical and administrative approvals by mid 2024 and would purchase production lines in 2025.

The factory was expected to produce electric batteries for the automotive industry from 2026.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Neonode has won the Innovation Award for Driver Monitoring Software for its camera-based, MultiSensing®-powered solution that delivers precise hands-on-wheel detection, regulatory-ready safety performance and low-footprint integration. Discover how Neonode is redefining driver monitoring, UX and compliance for next-generation semi-autonomous vehicles.

Discover the Impact