The executives are in talks with potential financial and strategic investors to help raise €2-3 billion for the planned plant, CFO Lutz Meschke said, adding that he expects to be able to provide more details by end of the year .
The location of the planned plant is still undecided, said chief executive Oliver Bloom.
«We're going to have a beauty contest» between European countries, the USA and possibly also Canada», — Meschke added, emphasizing that low energy costs are important, and pointing out the competitive offer in North America.
Cellforce Group, founded in June 2021 , was formerly owned by Porsche and Customcells Holding GmbH, with Porsche investing a double-digit amount of million euros to purchase a 72.7% stake.
By Blume says the company is building a 1.3 gigawatt-hour battery plant in the southwestern German state of Baden-Württemberg, but is looking for another location for a new, larger factory.
Production at the German plant should start in 2024 year. BASF will provide materials for lithium-ion batteries.
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