Czech ČEZ plans to build car battery ‘gigafactory’
Photo by josefkubes/Shutterstock.com
Czech power company ČEZ plans to build a "gigafactory" for batteries for cars in North Bohemia in the coming years that would use lithium discovered in the Ore Mountains near Cínovec, on the German border.
ČEZ group headquarters building in Prague, Czech Republic. Photo by josefkubes/Shutterstock.com
Minister of Industry and Trade Karel Havlíček said during a visit to Berlin on February 5 that ČEZ plans to use lithium stocks from both countries.
The Czech Republic has the biggest lithium reserves in Europe and many politicians have pushed for its mining to be in the hands of a state-controlled company, such as ČEZ, Czech Radio reports.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.