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A British South Korean battery maker is planning to build a gigafactory in Europe, with the U.K. being considered a possible location to produce up to 40 million batteries a year by 2025.
Eurocell EMEA, a joint venture between FIC EMEA and three Korean battery technology companies, will invest £600 million in the facility to supply batteries for energy storage, automotive and electric vehicle applications.
The company claims to be considering three locations in Europe: a British, a Netherlands and a Spain site. The company currently manufactures batteries in South Korea and hopes to replicate its facilities in Europe.
According to Eurocell, its batteries last “10 times longer” than conventional lithium-ion batteries, and it claims they are more sustainable, less susceptible to extreme temperatures and “have no end-of-life issues”.
According to the company, its battery will last “more than most systems it supports,” at more than 25 years.
Eurocell’s factory will produce batteries in two phases, starting with a smaller factory and mass-producing advanced batteries by early 2023. By 2025, the second factory will increase production to about 40 million cells per year.
“Eurocell in the UK is a new company run by an experienced UK team and supported by our Korean partner who has decades of experience in electrochemistry, large-scale battery manufacturing and building gigafactories to manufacture batteries experience,” said Bruins, CEO.
“Now we are planning to rapidly expand in Europe, supplying the energy storage and automotive industries with our market-leading technologies. These products can be on the market in months, not years.”
Eurocell also noted that its final decision will depend on the level of support and investment provided by the government. The factory will create “hundreds” of jobs.
Bruins said: “To accomplish our mission, we are actively looking for a European manufacturing base and are in advanced discussions with a British base, a Netherlands base and a Spanish base. With the right level of central commitment and support, we aim to capitalise on the rapidly growing European market.”
Should the factory be constructed in the UK, it would rival Britishvolt, which secured £1.7 billion in funding for its own UK gigafactory. Production there is expected to begin in 2024.
UK Korean battery firm considering UK gigafactory and new Electric Vehicles coming soon.
These include the Ford Mustang Mach-E, Volkswagen I.D. 4 and Porsche Taycan Cross Turismo. While the supply crisis remains for the time being, we look forward to another exciting year for zero-emission models, showcasing the future of the car.
British market in April
BMW i.X. M60: BMW’s mighty electric SUV hits the market this year with 611 hp, 4.0 seconds to 62 mph, and styling… er… splendid. It’s also an excellent price at £111,905. Expected range is 357 miles, slightly less than the standard vehicle.
Citroën Ami: The reaction to the Citroën Ami has been so positive that the French manufacturer has decided that the car will come to the UK as it was only planned to be sold in France. The two-seater has a top speed of just 45 km/h and is powered by a 5.5 kWh battery. It only made 8 hp but has proved popular as Citroen announced it was coming to the UK.
Porsche Taycan GTS: The GTS will sit between the Taycan 4S and the Turbo, with the same dual-motor setup as the latter, but limited to 590hp instead of 670hp. Fortunately, its 626 lb ft of torque is the same as the Turbo.
Porsche Taycan Sport Turismo: The estate version of the Taycan, the Sport Turismo loses the Taycan’s off-road styling and is closer to the ground. If you opt for the GTS, you’ll have the lovingly named Porsche Taycan Sport Turismo Gran Turismo Sport.
British market in May
Lexus RZ: The RZ will feature fully variable four-wheel drive and steer-by-wire technology. Like the Toyota bZ4X and Subaru Solterra, the crossover will be based on the e-TNGA platform and will offer “incredible cornering and road control,” Lexus says. The manufacturer also claims its top priority is “exciting drivability”.
Mercedes-Benz EQT: Finally a cool MPV. The EQT concept, developed in partnership with Renault, previews the design of the new T-Class electric sibling (the VW Caddy rival), but there’s no word yet on whether the integrated skateboard rack is here to stay…
British market in June
Genesis Electrified GV70: BMW i.X.3 rival gets 482 hp, 516 lb-ft and 310 miles of range. Plus, with a 350kW charger, you can charge from 10% to 80% in just 18 minutes. Other features include a new E-Terrain mode for more demanding driving conditions, road noise reduction system and automatic electronically controlled suspension.
Hyundai Ioniq 6: The Ioniq 6 will be Hyundai’s second bespoke electric car and has the power and confidence to challenge the Porsche Taycan. Its arrival had been expected, but last-minute design changes meant a mid-2022 on-sale date. The delay means Hyundai was able to fit a larger 77.4kWh battery instead of 72.6kWh, so the longer wait should be worth it.
Mercedes-Benz EQE: The new sedan in Mercedes CLS format has its sights set on the BMW i4 and Tesla Model 3. The car is made from 100 percent recycled steel, and the German company claims it will provide up to 410 miles of range between charges. A larger EQE will follow in 2023.
Skoda Enyaq i.V. Coupé: Skoda’s Enyaq i.V. Coupé adds a sloping roof to the standard Enyaq i.V. The battery size is expected to be the same as the standard car, but thanks to the coupe’s improved aerodynamics, it can offer greater efficiency – a battery with a maximum range of 77kWh can drive a claimed 533 miles.
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