Elevenes Unveils Prototype Of Largest LFP Battery Cell In Europe

Serbia’s Elevenes Unveils Prototype of Largest LFP Battery Cell in Europe

By Saur News Bureau/ Updated On Tue, Sep 27th, 2022

Highlights :

The first batches will be shipped for customer testing in the first quarter of 2023.
The first stage of giga-scale production (8 GWh), with its capacity to deliver batteries for 200,000 cars per year, is expected by the end of 2025.

Serbia’s Elevenes Unveils Prototype of Largest LFP Battery Cell in Europe

Visualization of the ElevenEs production plant in Subotica, Serbia.

Serbia-based battery maker, ElevenEs, which has developed the first and largest full-size LFP (Lithium Iron Phosphate) battery cell in Europe, has announced that its first batches will be shipped for customer testing in the first quarter of 2023. ElevenEs said that its EDGE battery cell (sustainable, cobalt and nickel-free battery) would be displayed at The Business Booster in Lisbon, Portugal.

LFP technology is expected to reach 40% of the global battery market share. ElevenEs said that its characterized by greater safety, lower cost, and increased sustainability as it does not require nickel and cobalt. The LFP batteries also last twice as long as the most common competing technologies. In recent months, leading car companies such as Tesla, Volkswagen, BMW, Mercedes, Ford, and others have already introduced LFP cells in their fleets.

ElevenEs said that the laboratory and the R&D center have been operational since June 2021, and the first-stage production plant will be completed by January 2023. The first stage of giga-scale production (8 GWh), with its capacity to deliver batteries for 200,000 cars per year, is expected by the end of 2025. A further expansion plan is expected to be announced soon.

Nemanja Mikać, CEO, ElevenEs, said, ” We are delivering according to our plans and expect to close our Series B financing round later this year, expand our production capabilities to 300-500MWh, and onboard several strategic investors to accelerate our growth further.” He also said that ElevenEs will offer three distinct EDGE battery cell sizes in a prismatic format, which will be competitive against all presently available mass-produced batteries in the global market.

Diego Pavia, CEO, EIT InnoEnergy, said, “A year ago, at the same conference, this company was still only an early development project, and this battery did not exist. It is impressive to see what they have accomplished in such a short time.”