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.
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.
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.
What is the economic potential of a supply chain in Serbia?
The economic and market potential of this type of business model and supply chain in Serbia is enormous. We could expect about 10-12 billion euros of new income for Serbia and about 20 thousand new jobs in our country, as well as a consequent serious growth and development of employees in the industry.
How long will it take to localize and scale production in Serbia?
Our plan is to localize and scale production in Serbia in the next seven to eight years. To slowly bring in our partners and to participate in the creation of the supply chain in Serbia. That would mean about three to five billion euros per year, for our supply chain alone, and about 5,000 new jobs in our company.
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