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Will the Czechia have its gigafactory? The state and ČEZ signed a memorandum today

The state represented by the Ministry of Industry and Trade and ČEZ today concluded a memorandum on support for the project of a battery factory for electric vehicles in the Czech Republic, the so-called gigafactory.


The document was signed by Minister of Industry and Transport Karel Havlíček (for YES) and CEO of ČEZ Daniel Beneš. According to the Minister, the expected investment of over 50 billion crowns will bring at least 2,300 jobs.

Havlíček announced last year that CEZ Group was considering building a factory for lithium batteries for cars in northern Bohemia in the next few years, which it described as a gigafactory project. Together with investors from the automotive industry, the company wants to use lithium from the Cínovec area in the Ore Mountains for the production of batteries.

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