May 22 (SeeNews) - Belgium's battery systems producer Avesta Battery and Energy Engineering (ABEE) will invest 40 million euro ($43.3 million) in the construction of a factory for the production of electric car battery systems in North Macedonia's Kicevo, the government in Skopje said on Monday.
The investment will open 600 new job positions, North Macedonia's government said in a press release.
The factory, which will specialise in battery management systems (BMS) and power electronics systems, will have a capacity to produce 300,000 units per year. Production is expected to start in 2024.
ABEE is an engineering company offering advanced solutions for batteries and battery systems for automotive and stationary applications.
($ = 0.924227 euro)