Romania loses a huge investment: The 1.4 billion euro battery factory will no longer be built in Galati

Tuesday, September 24, 2024

Romania will not become a source of battery supply for electric cars in Europe, after losing a 1.4 billion euro investment announced by the Belgian company Avesta Battery and Energy Engineering (ABEE) in Galati. The factory would have created around 8,000 jobs, but the investment will no longer be realized, as confirmed by Noshin Omar, founder and president of Avesta Holding. "We have been trying for over 2 years to reach an agreement with the ...

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Tuesday, September 24, 2024

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Romania loses a huge investment: The 1.4 billion euro battery factory will no longer be built in Galati