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Sweden to be nexus of EU-Asia battery future?

Mon, 03/26/2018 - 19:59 -- Xuan Zhong
Sweden to be nexus of EU-Asia battery future?

Chinese private capital firm GSR Capital is ramping up its ambitions to become a key player in European EV battery production with plans for a manufacturing plant in Sweden.

GSR is to build the battery facility at Trollhättan, 75km north of Gothenburg, on land adjacent to Swedish electric vehicle producer NEVS— in which GSR will also invest $500 million.

 

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Korean battery makers line up in Europe

Tue, 12/05/2017 - 11:15 -- News Editor
Korean battery makers line up in Europe

Further evidence of a Korean “land grab” of future European EV markets came last week with SK Innovation's announcement that it plans to invest around KRW1 trillion ($920 million) to build an electric vehicle (EV) battery plant in Hungary and to expand production facilities for EV batteries in South Korea.

The battery maker said it would set aside KRW840 billion for the Hungary plant, which it will start building in February. By 2020, the plant will be capable of producing 7.5GWh of batteries each year.

 

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