In addition to the 120 million euros that BMZ is already investing in the expansion of production lines for battery systems, the company also plans to establish a cell production in Germany. In this way, the company wants to serve the European manufacturers of electric vehicles, which will be launched on the market from 2019.
In the course of the majority takeover of TerraE, BMZ is prepared to make an investment of 300 million euros in the first expansion stage of the planned cell production. This expansion stage will have a capacity of 4GWh. In the medium term, the company plans to expand its production capacity to 8GWh.
The Fab4Lib consortium, led by TerraE-Holding and comprising 19 European companies and institutes, will be continued with all partners. As planned, Fab4Lib will deliver competitive lithium-ion technology production results in 2019, which will directly feed into mass production of battery cells. The funding project is also maintaining talks with several German states regarding a location decision.