battery manufacturing

Reliance Plans €100.5 Million Battery Factory in Serbia

China’s Jiangsu Reliance Energy Tech plans to invest €100.5 million in a battery factory, adding a new technology-focused project to Serbia’s manufacturing sector. The company, the Serbian government and the Municipality of Inđija signed a framework agreement on August 31. Reliance has described the planned facility as its first manufacturing plant outside China. The factory is intended to produce batteries for drones, humanoid robots, unmanned vehicles, power tools and household appliances. Construction has not yet been reported as started, while…