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Saxony-Anhalt

Farasis Energy selects Germany for first European LIB plant

Wed, 05/15/2019 - 15:53 -- John Shepherd
Farasis Energy selects Germany for first European LIB plant

San Francisco-based lithium-ion tech company, Farasis Energy, plans to invest more than €600 million (US$672m) in building a battery cell, module and packaging production facility in the eastern German state of Saxony-Anhalt.

The company’s newly formed subsidiary, Farasis Energy Europe, will operate what will be its first European plant at Bitterfeld-Wolfen— which is expected to start making batteries for pure electric vehicles from around the end of 2022. 

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