Where are LFP batteries made in Serbia?
Serbian battery developer ElevenEs is finalising a project for the construction of a mega factory that will produce Lithium Iron Phosphate (LFP) batteries in the country’s northern city of Subotica, CEO Nemanja Mikac told SeeNews.
Will Europe's first battery factory be built in Subotica?
Backed by EU funds, it will build Europe’s first factory of the kind in Subotica, Serbia, aiming to reach a capacity of 16 GWh per year. By , Europe will need 14 times more batteries than it produces today.
Could Serbia be a technological leader in LFP battery production?
The Republic of Serbia could be a technological leader in LFP battery production in the whole world outside of China, because it has a chance to become the first in Europe to mass-produce this type of battery. The signed Memorandum with the European Union envisages a serious focus on the ecosystem of electric vehicles and battery production.
How long will lithium-ion batteries be used?
Lithium-ion batteries will be used for at least another 10, and most likely at least another 20 years. You are participating in the Look UP – Green Transition conference, where you will discuss the development of the value chain in Serbia with international and domestic experts.
How many batteries will Europe need by ?
By , Europe will need 14 times more batteries than it produces today. The demand is driven by growth in electric mobility and the energy storage market, which requires batteries to stabilize energy systems, especially given the growing share of renewable energy.
Can Serbia become the energy power of the world?
Serbia has a chance to become the energy power of the world in a few years. If we were to form an entire production chain in Serbia, it would certainly open up space for numerous investments in our country. The economic and market potential of this type of business model and supply chain in Serbia is enormous.
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