Are electric vehicle batteries coming to Latvia?
Swedish tech company Anodox Energy Systems has announced plans to produce electric vehicle batteries in Latvia, with the first factory in the Port of Riga expected to be operational by December 2022. A second factory for rapidly growing LFP cell technology will be established soon after.
Will a new battery factory be built in Latvia?
The Swedish company Anodox Energy Systems wants to build two factories in Latvia to produce batteries for electric vehicles. According to Latvia’s Ministry of Economy, a plant for the assembly of battery packs will be built first in the port of Riga. The second plant, which will focus on cell production, is to follow shortly afterwards.
Why did anodox choose Latvia?
Anodox chose Latvia “based on its location, automotive ecosystem, and government incentives”. Yet the country is only meant to be the starting point for setting up production facilities across Europe. The company is reportedly also considering Germany, Greece and Luxembourg as possible investment locations.
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