New Plant to Revolutionize EV Battery Production by 2029
A new plant is set to revolutionise the production of electric vehicle batteries. By 2029, it will be operational in the Frankfurt-Höchst industrial park, a result of cross-border cooperation between Hesse, Rhineland-Palatinate, and Baden-Württemberg. This project, funded by the Vulcan Projektgesellschaft 2 GmbH, is expected to create thousands of jobs and set a global standard for sustainable lithium extraction.
The plant, once completed, will process lithium chloride into lithium hydroxide monohydrate. This key raw material is crucial for the production of lithium-ion batteries, powering electric vehicles worldwide. In the long term, the plant is projected to produce enough for approximately 500,000 electric vehicle batteries.
The project is a strategic investment in the future, as highlighted by Economic Minister Kaweh Mansoori. It aims to be the first worldwide to produce green lithium for battery cell production, setting the first industrial benchmark for climate-neutral production. The plant is expected to create around 1,300 new jobs in Hesse and a further 1,500 at partner companies.
The plant, scheduled for completion by 2029, is a testament to international cooperation and sustainable innovation. With Hesse contributing around 14 million euros, the project is set to transform the battery production landscape, paving the way for a greener, more sustainable future.
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