Valmet Automotive is expanding – specifically to the town of Kirchardt in the southwestern regional state of Baden-Württemberg. The Finnish maker of batteries for electric vehicles (EVs) is converting an 11,500-square-meter former printing shop into its third production facility overall and first in Germany.
One impetus for the expansion was the desire to be nearer to German carmakers, which are increasingly shifting their production to EVs.
“The decision to construct our first battery factory in Germany is the next major step toward establishing Valmet Automotive as a tier 1 supplier of battery systems and modules,” said company CEO Olaf Bongwald in a statement. “Kirchardt is an ideal location that allows us operate near several of our important customers, our German development sites and our battery testing center in Bad Friedrichshall.”
Valmet expects its new factory to be up and running by the first quarter of 2022. It is also significantly expanding its engineering capacities in Munich and Bad Friedrichshall.