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13 Dec
14:00

Belgian company eyes €1.1 billion Bulgarian battery plant

Belgium-based Avesta Battery & Energy Engineering (ABEE) intends to invest €1.1 billion ($1.18 billion) in the production of lithium-ion batteries in Bulgaria, Prime Minister Nikolay Denkov announced after a meeting with representatives of the potential investor this week, Kallanish notes. The plant would produce a new generation of solid-phase lithium-ion batteries that are widely used in the automotive industry, and also in other technologies. “T…
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