European startup Statevolt invests $3.2 billion to build semi-solid-state battery factory

European startup Statevolt announced that it will invest $3.2 billion to build a cutting-edge battery super factory in Ras Al Khaimah, UAE. It will initially focus on the production of semi-solid batteries and plans to switch to the production of all-solid batteries after full production. The factory is expected to have an annual production capacity of 40GWh to meet the growing global demand for energy storage solutions. It is expected to be put into production by the end of 2026.