BME and CATL are planning a battery systems plant in Egypt. In the first phase, the facility is expected to reach an annual production capacity of one gigawatt-hour. Initial investment is expected to exceed two billion Egyptian pounds, or around $39 million.
Initially Batteries for Heavy Commercial Vehicles
The plant is initially expected to produce battery systems for heavy commercial vehicles. A second phase is planned to increase annual capacity to five gigawatt-hours and expand production to include batteries for passenger cars. Storage batteries for solar and wind energy are also planned. No public information is available on a specific timeline for the two expansion phases.
The plant is targeting a local content share of 40%. The battery systems are intended for sale in both the Egyptian and international markets.
CATL to Provide Battery Technology and Equipment
Responsibilities within the partnership are divided between the two companies. According to information provided about the project, BME will contribute manufacturing and engineering capabilities. CATL is expected to provide battery technology, production equipment, and technical support.
