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A employee was doing the portray work for the car manufactured by Valmet Automotive in its Uusikaupunki plant. (Xinhua/Photograph offered by Valmet Automotive)

Based in 1968, nearly all of Valmet Automotive was owned by Pontos Group and Finnish government-owned holding firm Tesi. China’s battery producer Up to date Amperex Know-how (CATL) started a strategic partnership with the corporate and have become its third-largest stakeholder in 2017.

HELSINKI, Sept. 14 (Xinhua) — Valmet Automotive has opened a brand new battery plant in Uusikaupunki, southwestern Finland, the Finnish car and battery producer introduced on Tuesday.

The corporate held a gap occasion for the brand new plant on Tuesday, attended by the Finnish Minister of Financial Affairs Mika Lintila. Manufacturing of high-voltage automotive battery modules and battery packs has begun on the new plant, the corporate mentioned.

As a serious funding within the enterprise of EV (electrical car) methods by Valmet Automotive, the brand new plant price 120 million euros (141.88 U.S. {dollars}) and is anticipated to create a whole bunch of recent jobs in Finland.

The battery plant locates in the identical constructing because the Uusikaupunki automotive plant, which provides manufacturing providers and logistic optimization to automotive service suppliers.

Valmet Automotive mentioned that 4 extra battery manufacturing traces might be added to the Uusikaupunki plant in 2024. Its annual manufacturing capability will attain 500,000 battery modules and battery packs.



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Manufacturing scenes on the Uusikaupunki plant of Valmet Automotive. (Xinhua /Photograph offered by Valmet Automotive)

“The potential for producing electrical automobiles and battery methods below one roof is a novel providing for the automotive business,” mentioned Olaf Bongwald, Chief Govt Officer (CEO) of Valmet Automotive.

With battery vegetation in Salo (Southern Finland) and Uusikaupunki, and one other on account of open in Kirchardt, Germany in 2022, the corporate was extending its battery manufacturing community and product vary, mentioned Jyrki Nurmi, senior vice chairman of the EV technique.

“The sturdy want for additional manufacturing capacities for battery methods is confirmed by the three battery manufacturing contracts we have already got for our new Uusikaupunki plant,” mentioned Nurmi.

Based in 1968, nearly all of Valmet Automotive was owned by Pontos Group and Finnish government-owned holding firm Tesi. China’s battery producer Up to date Amperex Know-how (CATL) started a strategic partnership with the corporate and have become its third-largest stakeholder in 2017.



a man standing in front of a car


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Employees had been assembling the automobiles manufactured by Valmet Automotive in its Uusikaupunki plant. (Xinhua /Photograph offered by Valmet Automotive)