The Dutch Lithium Werks opens a gigafactory in China
The Dutch company Lithium Werks is investing 1.6 billion euros in the construction of a lithium-ion cell production factory on the Yangtze River Delta in China.
The factory will have a production capacity of 8 gigawatt hours per year equivalent to a number of batteries capable of feeding 160,000 cars. It will be the second Chinese production plant of the company and will start production in 2021.
Lithium Werks is focusing on the production of batteries for different uses in addition to electric vehicles, betting that soon everything will work with electricity.
The agreement for the construction of the factory signed in the presence of the Chinese premier and the Dutch prime minister marks the beginning of the Lithium Werks plan for the construction of multiple gigafactories all over the world within the next 20 years.