Europe's largest shipbuilder wants to set up 2 GWh lithium-ion battery production

Italy's Fincantieri has joined forces with Faist Group to produce lithium-ion batteries. Through the joint venture Power4Future, the two companies want to reach a production capacity of 2 GWh over the next five years.Italian shipbuilding company Fincantieri has announced that its unit Fincantieri SI has joined forces with Faist Electronics, which is a subsidiary of Italian industrial group Faist, to start the manufacturing of lithium-ion storage systems. The new production will be managed by the newly created joint venture Power4Future and will reach a capacity of 2 GWh over the next five years, ...

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