Russian nuclear energy giant Rosatom has acquired a 49% stake in Enertech International, a South Korean lithium-ion battery specialist, and has announced plans to build a gigafactory at an unspecified location in Russia. The start of production is scheduled for 2025.
The state-owned company will manufacture module type lithium-ion traction batteries for electric vehicles, as well as energy storage systems for emergency power supplies, renewable energy resources, and the smoothing of load demand.
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