China's CALB announces European battery plant in Portugal

Lisbon (AFP) Feb 24, 2025

Chinese lithium battery manufacturer CALB announced plans Monday to build its first European plant in Portugal, a two-billion-euro ($2.1-billion) investment it hopes will help it crack the continent's electric car market. CALB said it would break ground this year on the factory in Sines, around 100 kilometres (60 miles) south of Lisbon, which it expects to start supplying the European market