Farasis to set up battery factory in Bitterfeld-Wolfen, Germany

May 13, 2019   Tier Suppliers

Leading battery manufacturer Farasis Energy Inc. announced its intent to set up a battery cell, module and pack production facility in Bitterfeld-Wolfen in the administrative district of Anhalt-Bitterfeld in the coming years.

By means of its newly founded subsidiary Farasis Energy Europe GmbH, the company will invest more than €600 million ($672 million) in the new plant and create at least 600 new jobs in the completed facility. Beginning at the end of 2022, the production capacity is to be expanded continuously on an annual basis from an initial 6 to 10 Gigawatt hours (GWh) purely for electric vehicles.

 

Farasis Energy Europe GmbH will also participate in the interest declaration process of the Federal Ministry for Economic Affairs and Energy (BMWi) for a project of common European interest (IPCEI) in the field of battery cell production.

 

Farasis was founded in California in 2002, employs more than 3,500 people worldwide and operates research centres in the US as well as in China. There are currently two production plants in Ganzhou and Zhenjiang (China). Thus, Farasis is the third-largest manufacturer of batteries for electric vehicles in China and the world’s second-largest provider of batteries in pouch cell format.

 

The company says thst it is striving for continuous growth and sustained profitability by supporting its customers in product design optimisation so as to achieve optimal energy density (approximately eight times higher than with previous lead-acid batteries) and performance with the lithium-ion technology, accompanied by maximum safety.

 

Europe is the next destination of the company’s phased expansion. This year, the Stuttgart-based Farasis Energy Europe GmbH was founded. A team of experienced battery experts led the location selection for the European factory since the middle of last year. “We focused on four main groups of decision-making criteria. Of particular importance for us were the topics of location quality and environmental protection,” commented Dr Maik Cordes, Head of Business Development at Farasis Europe. 

 

“After a long and intensive assessment of several dozen locations throughout Europe, we are now convinced that Bitterfeld-Wolfen in Saxony-Anhalt offers the best overall package for the sustainable production of Li-ion batteries for Farasis’s first European production site,” said Sebastian Wolf, Managing Director of Farasis Energy Europe.

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