The Battery manufacturer CALB, headquartered in China, is planning to invest 2 billion euros in Sines, 1h30 min south of Lisbon, to build a lithium battery manufacturing plant aimed at supplying high-performance energy storage products to the European electric vehicle industry. The Gigafactory is set to complete initial deliveries in 2027.
The proximity to the Sines port, ensuring connectivity to continental markets, and support from Portuguese authorities under Portugal's green energy transition strategy, were some of the reasons to choose Portugal for this project.
