LFP battery system project financing options in Serbia 2026

Where are LFP batteries made in Serbia?

Serbian battery developer ElevenEs is finalising a project for the construction of a mega factory that will produce Lithium Iron Phosphate (LFP) batteries in the country’s northern city of Subotica, CEO Nemanja Mikac told SeeNews.

Could Serbia be a technological leader in LFP battery production?

The Republic of Serbia could be a technological leader in LFP battery production in the whole world outside of China, because it has a chance to become the first in Europe to mass-produce this type of battery. The signed Memorandum with the European Union envisages a serious focus on the ecosystem of electric vehicles and battery production.

Where is the first LFP cell factory in Europe?

Battery storage startup ElevenEs said its manufacturing facility in Serbia is fully operational. It is the first LFP cell factory in Europe.

Why are LFP batteries so popular?

LFP batteries have been around for some 20 years in science, but engineering innovations have allowed them to be used in almost all applications today. They have primacy in the world industry because they last three times longer, are 10% cheaper and are safer than other types of batteries, for example than NMC (nickel-manganese-cobalt) batteries.

What is the economic potential of a supply chain in Serbia?

The economic and market potential of this type of business model and supply chain in Serbia is enormous. We could expect about 10-12 billion euros of new income for Serbia and about 20 thousand new jobs in our country, as well as a consequent serious growth and development of employees in the industry.