The announcement was made on Wednesday 20 March 2025, marking a major step in the development of Finland’s battery value chain. The plant will produce CAM, a key component in lithium-ion batteries, with an initial capacity of 60,000 tonnes per year. Future expansion is also part of the long-term plan.
On completion, the plant will produce 100,000 tonnes of anode material for lithium batteries. A spokesperson for Business Finland welcomed the announcement, but noted that the company must still go through the permit and financing process before work can begin.
In a press release, the Chinese firm said that the Finnish factory will be built in two phases, each taking two years. Finland''s low electricity prices and seaports were key factors in the company''s decision. "North Europe mainly uses energy generated from hydropower and biomass fuels.
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The Finnish State will also support the initiative by capitalising Finnish Minerals Group with EUR 100 million. “With the Kotka CAM plant, we are creating an entirely new kind …
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HELSINKI, April 29 (Xinhua) -- Chinese and Finnish companies broke ground Tuesday on Finland''s first lithium-ion battery cathode active material (CAM) plant, a project …
The plant’s first-stage capacity will be 60,000 tonnes of cathode active material per year – which is needed to produce lithium-ion batteries. The plans also include the possibility …
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China''s CATL is a key player in the global transition to more sustainable transport, with a market share in the EV sector of roughly 38%. The battery maker is intensifying its …
The plant’s first-stage capacity will be 60,000 tonnes of cathode active material per year – which is needed to produce lithium-ion …
Conflicting reports emerge over how many Chinese workers may arrive for the construction of a battery materials plant in Kotka, Finland, as authorities and contractors offer …
Ningbo Shanshan, a Chinese battery-materials manufacturer, has announced plans to invest 1.3 billion euros in building a new plant in …
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A Chinese-Finnish company announced Thursday it would begin building a battery materials plant in Finland in April, the first of its kind in the Nordic country. The plant will …
(Yicai Global) July 28 -- Easpring Material Technology, a Chinese producer of battery chemicals, will construct its first plant outside China in Finland for …
Ningbo Shanshan, a Chinese battery-materials manufacturer, has announced plans to invest 1.3 billion euros in building a new plant in Finland. The company is the world’s …
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(Yicai Global) July 28 -- Easpring Material Technology, a Chinese producer of battery chemicals, will construct its first plant outside China in Finland for EUR774 million (USD848 million) to …
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Finnish Minerals Group and China’s Beijing Easpring Material Technology have decided to start the construction of the cathode active material (CAM) plant. The EUR800 …
The Finnish State will also support the initiative by capitalising Finnish Minerals Group with EUR 100 million. “With the Kotka CAM plant, …
Finland’s first cathode active material (CAM) plant is being developed by Easpring Finland New Materials Oy. It will supply materials for lithium-ion batteries used in electric …
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