Belgian ABEE abandons plans for EUR 1.4 bln battery plant in Romania
Belgian company Avesta Battery and Energy Engineering (ABEE) has decided to end its collaboration for the project in Romania but continues to explore other promising locations to support strategic growth, according to a company's statement…
iulian ernst · Journalist
· Updated · 2 min read
Belgian company Avesta Battery and Energy Engineering (ABEE) has decided to end its collaboration for the project in Romania but continues to explore other promising locations to support strategic growth, according to a company's statement dating from June surfaced in local media (Economica.net, Ziarul Financiar) on September 23.
ABEE officially unveiled its EUR 1.4 billion project for the construction of an electric Li-ion battery factory for the automotive industry in Galati, eastern Romania, in June 2023. In December 2023, while the project in Romania was awaiting the greenlight for state aid, the company held discussions in Bulgaria.
