ElevenEs to build a mega factory in Subotica

The ElevenEs Company plans to start construction by the end of the year on an 80 million euro mega factory for the production of Lithium Iron Phosphate (LFP) batteries in Subotica, northern Serbia, local media reported.

The plan is to have the mega factory operating as early as next year, which would be the first facility of this type in the region, ElevenEs CEO Nemanja Mikac told local daily Dnevnik on Monday.

The mega factory aims to achieve an energy storage capacity of 1,000 megawatt-hours (MWh) annually, Mikac was cited as saying.

“Everything we do is made for mass production from 2026 onwards, and we expect a real boom from 2027 to 2030,” Mikac said.

The company’s long-term plans are even more impressive.

“We have even bigger plans for later – three giga-factories, where the total footprint of all those factories would be several billion euros, and over 20,000 people in total would be employed”, reveals Mikac.

ElevenEs already operates an LFP battery factory in Subotica. It is currently in the pilot phase of production where it sends samples to car, bus, and truck manufacturers.

(eKapija, 09.07.2024)


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