RockTech Lithium will sign a memorandum of understanding in Romania to construct a €400 million factory to produce materials for lithium batteries used in electric cars.
The prime minister of Romania, Nicolae Ciuca, will participate Monday (7 March) at the signing ceremony, according to his official agenda, published on the government’s website.
RockTech Lithium is a Canadian company that produces lithium hydroxide, used in electric vehicles’ batteries. Besides Canada, the company also has operations in Germany, with the aim of “scaling up production right at the heart of Europe’s automotive industry.”
Last week, the Ministry of European Projects announced it had discussions with a team from Varta, which considers Romania as a location for a new factory for electric car batteries. According to deputy minister Roxana Minzatu, part of the €1 billion investment could be financed from EU funds.
