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Farasis Energy paves way for EU lithium cell plant

Tue, 09/18/2018 - 14:21 -- John Shepherd
Farasis Energy

San Francisco-based lithium-ion tech company Farasis Energy is pushing ahead with plans to open a “large-scale” European lithium-ion cell production facility after securing financing “exceeding US$1 billion”.

The investment boost from C-round financing comes just two months after the company established a new manufacturing base in Zhenjiang, China with a planned annual capacity of 20 gigawatt-hours.

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