Market Chatter: CALB Group Investing 2 Billion Euros in Portugal Gigafactory

MT Newswires Live

2025/02/24

CALB Group (HKG:3931) will invest 2 billion euros in a Portuguese gigafactory, producing 15 gigawatt hours of lithium batteries yearly, powering about 187,000 electric vehicles, by 2028, Reuters reported Sunday.

The Sines plant will create 1,800 jobs and contribute over 4% to Portugal's gross domestic product at full capacity, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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