Avesta Battery & Energy Engineering (ABEE) from Belgium, IMECAR Elektronik from Turkey, and SOLITEK from Lithuania have signed a joint venture agreement for the set-up of a new battery pack production in Lithuania (Vilnius).
The battery pack factory will be fully operational by January 2023. The new factory will have a starting production capacity of 100 MWh, which will later be scaled up towards 1 GWh in the function of the market demand. The produced battery packs will be designed for home storage, industrial and renewable applications.
For the battery pack factory project, ABEE and IMECAR will bring their solid know-how in the field of battery design and manufacturing. SOLITEK will contribute to the management of the installation of the manufacturing line in Vilnius and, at the same time, will be responsible for the upscaling and market approach. Thus, the combined expertise and market strategies of the three companies will ensure the success of this new venture and the battery pack factory itself. Orders for battery packs shall be accepted from the beginning of Q2 2022.
