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Image for representation purposes only. Source: Statevolt
In a major development for the MENA region on battery manufacturing, California-headquartered Statevolt has launched a sister company in the UAE, Statevolt Emirates, which is now gearing up to establish a solid-state battery cell production gigafactory in Ras Al Khaimah, targeting production by the end of 2026.
The battery firm, founded by Swedish entrepreneur Lars Carlstrom a couple of years ago, has announced an investment of about $3.2 billion for the gigafactory project…
