ČEZ: Gigafactory could be completed in 2025

Published: 08.10.2021 Related countries:  South Africa South Africa

ČEZ: Gigafactory could be completed in 2025

ČEZ is negotiating the project of a factory for the production of batteries for electric cars with car companies including ŠKODA AUTO/Volkswagen and also with battery producers. Roman Gazdík, a spokesman for the energy group, told ČIANEWS, adding that the negotiations are at an advanced stage. The energy producer and supplier would like to conclude them by the end of the year. The factory, which it plans to build in Prunéřov, could be completed in 2025 and run at full capacity by 2027. The amount of investment will depend on the final capacity. In the case of 40 GWh per year, it will be more than EUR 2bn. ČEZ intends to make a final decision on lithium mining at Cínovec in 2023, after all the necessary surveys and studies have been completed. Production could start in 2025.

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