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.
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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.
