Farasis invests 600 million. Euro in battery work in Saxony-Anhalt

Farasis invests 600 million. Euro in battery work in Saxony-Anhalt-invests

By the end of 2022, a large plant for the production of electric car batteries is to be created in Bitterfeld-Wolfen, Saxony-Anhalt. The US company Farasis Energy, which now has its own Group headquarters in Chinese Galloou, is investing around 600 million euros. This was announced by the battery producer yesterday, together with the Minister of Economy of the federal state, Armin Willingmann (SPD). The construction of production is supported with around 30 million euros, which come as a promotion from the country.

Willingmann welcomes the plans of the US battery manufacturer. In Saxony-Anhalt, around 270 car suppliers are uniformly, which around the 23.000 people employ. For Saxony-Anhalt, the new work for the production of electric car batteries is a sign that “sector looks into the future” and there you can see the e-mobility according to Willingmann. The plant in Bitterfeld-Wolfen should start annually with a production capacity of six to ten gigawatt hours.

With such a performance you can annually about 60.000 to 80.Equip 000 E cars. Currently, the company employs its own statement, more than 3.500 employees worldwide. As a developer and manufacturer of lithium-ion batteries, modules and large battery systems, the work is to be opened in Bitterfeld-Wolfen, as the first European plant,.

So far only is manufactured in China. But since it is important to the automaker that suppliers produce in the respective sales markets, Farasis is now drawn to Germany / Europe. From 2021, the plant should supply large car manufacturers in Europe.

Already in July 2018, Farasis Energy built a new manufacturing center in Zhenjiang, China, with a planned annual capacity of 20 GWh. Furthermore, the project was started to build a manufacturing center in Europe and opened a branch office in the German Stuttgart, which is occupied with business development specialists, engineers and staff from the corporate headquarters.

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