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Swedish tech company Anodox Energy Systems has announced its plans to establish production facilities for electric vehicle batteries in Latvia.
Anodox Energy Systems plans to establish the first LFP electric car
The Swedish technology company Anodox Energy Systems has announced its entry into Latvia and plans to develop an electric car battery factory in the territory of the port
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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
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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.
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.
Is anodox launching a new electric car battery plant in Latvia?
The Swedish company Anodox Energy Systems has announced its entry into Latvia and intends to develop an electric car battery production plant in the territory of the port of Riga.
How much money will anodox invest in Riga?
A total of 50 million euros will be invested and up to 300 new jobs created, according to the Ministry of Economy. The factory in Riga is to go into operation by December 2022. In the first phase, Anodox wants to produce high-quality battery packs for electric cars and light commercial vehicles in the automated factory.
How much will Riga invest in LFP cell technology?
A second factory for rapidly growing LFP cell technology will be established soon after. A total of €50 million will be invested and up to 300 new jobs will be created. This announcement aligns with Riga’s effort to establish Latvia as a European hub in the global automotive value chain.
Why did anodox energy systems open a factory in Riga?
"We are very glad that Anodox Energy Systems decided to open factories in Riga. This will bring investment, jobs, and income to the city as well as assess the attractiveness of opportunities that our city offers by ensuring that Riga is competitive in attracting new high-growth companies.