New Battery pack factory Joint Venture between Solitek, ABEE, and IMECAR

Avesta Battery & Energy Engineering (ABEE) from Belgium, IMECAR Elektronik from Turkey, and SOLITEK from Lithuania have signed a joint venture agreement for the set up of a new battery pack production in Lithuania (Vilnius).

The battery pack factory will be fully operational by January 2023.
The new factory will have a starting production capacity of 100 MWh, which will later be scaled up towards 1 GWh in the function of the market demand. The produced battery packs will be designed for home storage, industrial and renewable applications.

For the battery pack factory project, ABEE and IMECAR will bring their solid know-how in the field of battery design and manufacturing. SOLITEK will contribute to the management of the installation of the manufacturing line in Vilnius and, at the same time, will be responsible for the upscaling and market approach. Thus, the combined expertise and market strategies of the three companies will ensure the success of this new venture and the battery pack factory itself. Orders for battery packs shall be accepted from the beginning of Q2 2022.
Statements:

Prof. Noshin Omar, CEO and Founder ABEE:
This JV is a strategic step forward for ABEE and our customers to supply high-quality products. In addition, this new factory and products will extend the ABEE products portfolio.

Mark Lander, CEO and founder IMECAR:
This new JV is a strategic step forward to extend our market in East and West Europe by offering our customers state-of-the-art battery solutions based on their needs and specifications.

Vidmantas Janulevičius, Chairman of the Board of the GBG, holding managing SOLITEK:
This new JV is a strategic step forward to a new battery pack production in Lithuania. It will strengthen the innovation and research potential that we are creating and will help to integrate this into batteries production to reduce CO2 emissions. This will be the first production line to supply the batteries for the emerging market.

About ABEE:

ABEE, founded in 2019 by Prof. Noshin Omar, is a dynamic engineering company
specializing in energy technologies for automotive and stationary applications. ABEE’s
expertise includes battery system design, validation & feasibility analysis related to advanced
Li-­‐ion and next generation solid-­‐ state battery technologies manufacturing.

About IMECAR:

IMECAR ELEKTRONIK is a developer and manufacturer of battery systems for automotive, stationary, and other industry applications founded in 2012 by Mark Lander. In addition to its battery technology expertise, IMECAR has a lengthy and solid track record in the development, prototyping, and manufacturing of small series light-duty vehicles.

About SOLITEK:

SOLITEK is a leading developer, manufacturer, and integrator of glass-glass and glass-foil solar panels in the Northern and Eastern parts of the EU. SOLITEK was founded in 2009 by Vidmantas Janulevičius. Being at the European forefront of solar technology innovation, SOLITEK is putting maximum effort not only to supply renewable energy technologies but to do this in a most environmentally friendly way by obtaining Cradle to Cradle certification for its products. Manufacturing innovation is SOLITEK DNA. In 12 years, the company has matured to offer the European market exceptional new products. At the core of innovative product lie 3 major elements: Bifacial monocrystalline solar cells, Premium tempered glass to glass lamination, Flawless industrial design. SOLITEK is targeting their glass-glass modules production towards integration into various applications.