Will a new battery factory be built in Latvia?
The Swedish company Anodox Energy Systems wants to build two factories in Latvia to produce batteries for electric vehicles. According to Latvia’s Ministry of Economy, a plant for the assembly of battery packs will be built first in the port of Riga. The second plant, which will focus on cell production, is to follow shortly afterwards.
Are electric vehicle batteries coming to Latvia?
Swedish tech company Anodox Energy Systems has announced plans to produce electric vehicle batteries in Latvia, with the first factory in the Port of Riga expected to be operational by December 2022. A second factory for rapidly growing LFP cell technology will be established soon after.
Why did anodox choose Latvia?
Anodox has selected Latvia as an ideal location to establish their factories based on its location, automotive ecosystem, and government incentives. "We are thrilled and grateful to announce our entry into Latvia and the establishment of the first LFP factory in Europe.
Will LFP be the first battery factory in Europe?
The planned LFP factory is to be the first of its kind in Europe. “This means that the battery production cycle will be completed in Latvia, from raw material to complete system,” says Kaspars Rožkalns, director general of the Latvian Investment and Development Agency.
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