Billions for European battery gigafactory

Billions for European battery gigafactory

Business news |
By Nick Flaherty

This week has seen three new battery gigafactories announced across Europe with over €7bn in investment.

ProLogium of Taiwan is to set up a solid state battery gigafactory in Dunkirk, France, where Verkor is also building a battery plant. Swedeish startup NorthVolt will set up a plant in Germany, while Chinese supplier EVE Battery has announced a plant in eastern Hungary.

ProLogium’s plant in France is its first outside Taiwan and marks a globalisation phase for the company. This will see a total investment of €5.2B to set up a 48 GWh Gigafactory with backing from the French government and ‘partners from the battery value chain in Europe’. ProLogium has a technology deal with Mercedes-Benz.

“This major investment project aims to facilitate supply chain localization, R&D activities, and the manufacturing of next-generation batteries in Europe for ProLogium,” said the company.

The project is expected to create 3,000 direct jobs and 12,000 indirect jobs for the local Dunkirk community by 2030.

NorthVolt has deals with VW to build battery plants but the new plant in Heide in northern Germany follows around €600m backing from the German government.  Europe’s ‘Temporary Crisis and Transition Framework’ (TCTF) simplifies subsidies for green projects to compete with the support available from the Inflation Reduction Act in the US. This allowed Germany more freedom in offering support for the battery plant, said NorthVolt.

Meanwhile EVE will spend €1.0bn on a gigafactory in Debrecen expected to supply BMW said Peter Szijjarto, foreign minister for Hungary.

Nissan is also scouting locations for two battery gigafactories in Europe and is trying to gain support from the UK government to expand its plant in Sunderland, run by AESC.

Panasonic still has to announce the location for its battery gigafactory in Europe hat was announced in 2020.;;

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