The production line is at Hyundai’s Uiwang Research & Development Center in Korea. Hyundai has 22 joint research projects across four divisions, including lithium metal batteries, solid-state batteries, battery management systems, and battery process technology. Of these, 14 will be related to lithium metal and solid-state batteries.
Furthermore, Enel, the Italian company, is exploring the possibility of establishing a factory in the country with a projected capacity of up to 50 GWh. Thus, Slovakia is positioning itself as a significant center for electric vehicle battery production in Europe.
Hyundai plans to launch EVs with LFP batteries developed in-house in 2025. The news comes after Honda unveiled its all-solid-state battery demo production line just last month. Honda also plans to launch EVs powered by the new battery tech by 2030.
This, coupled with the ongoing competition with China, is why it is anticipated that around 250 battery factories will be established in Europe over the next ten years. By the end of last year, approximately 20 projects had been confirmed in European states such as France, Germany, Italy, and the United Kingdom.
On December 23, industry sources claimed Hyundai was almost done establishing an all-solid-state battery production demo line. An official close to the project said the equipment for individual processes is almost complete. Now, only the logistics automation portion remains.
Thus, Slovakia is positioning itself as a significant center for electric vehicle battery production in Europe. The country offers skilled labor, a strong presence in the automotive industry, and good access to the electricity grid, making it an attractive location for such investments.
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Production network for the future.
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