Serbian company ElevenEs has opened a new plant for the production of prismatic LFP battery cells in Subotica, Serbia. The cells produced in this facility will initially be supplied as samples to customers for use in electric vehicles, buses, trucks and stationary energy storage systems. By 2024, the plant is expected to be expanded into a “mega-factory” with a production capacity of 500 MWh.
ElevenEs intends to build two large production facilities in the coming years, with a total capacity of 48 GWh. The first, with an annual capacity of 8 GWh, is scheduled to come on stream in 2026, and the second, with 40 GWh of capacity per year, in late 2027. The company aims to source all necessary active materials from Europe to reduce the carbon footprint of the LFP battery cells produced.
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The expansion of the company’s research and development center in Subotica is closely interwoven with the opening of this new production plant. ElevenEs first made its presence felt in the battery industry in the autumn of 2021 when it announced a strategic partnership with EIT InnoEnergy to build the first LFP battery gigafactory in Europe. The current announcement does not specify the start of construction, the location or the capacity of this plant.
ElevenEs says it is a spin-off of the AI Pack Group, a large aluminum processor. The company started work on an LFP battery in 2019, with the aim of developing a particularly sustainable and efficient cell. EIT InnoEnergy, an investor in ElevenEs, has also invested in Swedish company Northvolt and French startup Verkor. However, it is not known how much EIT InnoEnergy invested in ElevenEs in 2021.
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Nemanja Mikac, CEO of ElevenEs, expressed his pride in the company’s contribution to reducing the global carbon footprint. The developer has already presented a prototype of its LFP cell, which is said to be the largest battery cell manufactured in Europe, available in three prismatic formats. The company tested over 500 laboratory sample cells to develop the final cell chemistry and design.
