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.

According to local media, cited by, 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.