According to Jornal Economico, the unit expects to invest 2,060 million euros and create 1,800 direct jobs.
For the Chinese company, the goal is to start production by the end of 2025, due to high demand from customers, especially from the automobile industry. The industrial unit will be located on a plot of land of 45 hectares in the area Sinis Industrial and Logistics Zone (ZILS) Its capacity will be 15 gigawatt-hours, equivalent to 38.6 million cells per year.
In November 2022, CALB told Lusa that this project, which was recognized as a Project of Potential National Interest (PIN) in March last year, could account for more than 4% of the gross domestic product (GDP) when it is in full swing. Within four years, the company hopes to expand the facilities, expanding the unit capacity from 15 to 45 gigawatt hours.