“Our investment will make Europe independent of Asian suppliers and enable battery production without the need to import key materials,” said Ascend Elements.
“Our investment will make Europe independent of Asian suppliers and enable battery production without the need to import key materials,” said Ascend Elements.
The Swedish firm’s factory in Gdańsk, which only opened last year, had initially been planned to be the biggest in Europe.
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Tougher EU emissions rules could hit Poland’s coal-dependent economy in particular.
The value of Poland’s exports in the battery sector increased from around 1 billion zloty in 2017 to 38.6 billion zloty (€8.24 billion) in 2022.
Northvolt says its $200 million investment in Gdańsk will create solutions “for ending dependence on fossil fuels”.