PACK battery factory in Finland

What does Finland's new lithium-ion battery plant mean for the battery industry?

The announcement was made on Wednesday 20 March 2025, marking a major step in the development of Finland’s battery value chain. The plant will produce CAM, a key component in lithium-ion batteries, with an initial capacity of 60,000 tonnes per year. Future expansion is also part of the long-term plan.

Is Finland a possible location for a battery cell factory?

SVOLT states in its press release that Finland is one possible location of the future factory. The EIA procedure for the planned battery cell factory in Kotka examines a maximum annual production capacity of 50 gigawatt hours. Roughly estimated, a capacity of 10 gigawatt hours means an investment of around one billion euros.

When will Finland's first cathode active material plant start?

HT Construction of Finland’s first cathode active material (CAM) plant will begin in April 2025 in Kotka. The facility, developed by Easpring Finland New Materials Oy, will supply materials for lithium-ion batteries used in electric vehicles and energy storage.

Where is easpring building a battery materials plant?

We are building a battery materials plant in Kotka, Southeast Finland, to support the electrification of traffic in Europe. Easpring Finland New Materials Oy is building a battery materials plant in Kotka, Southeast Finland.