Construction work on the $47m Vaexjoe Battery Chargers and Lithium Batteries Manufacturing Plant located in Vaexjoe, Kronoberg, Sweden commenced in Q4 2022. It was announced in Q4 2021.

The project involves the construction of 25,000m2 battery chargers and a lithium batteries manufacturing plant in Vaexjoe, Kronoberg, Sweden.

The project includes the following:

1. Construction of an innovation center
2. Construction of administrative space
3. Construction of parking spaces
4. Construction of production unit
5. Construction of a warehouse
6. Installation of equipment and machinery
7. Installation of safety, and security systems
8. Installation of other related infrastructure

Construction on the project is expected to be completed by Q4 2024.