The investment in Ras Al Khaimah will boost battery cell technology, energy storage, sustainability and EV innovation across key markets including the Middle East, Africa and India while driving economic growth to position the UAE as a green technology leader.
Statevolt has announced plans to construct a cutting-edge battery Gigafactory in Ras Al Khaimah, UAE, with a significant capital expenditure of $3.2 billion. The venture, known as Statevolt Emirates, is set to implement a modular design approach, enabling swift market entry and production diversification based on technology readiness. The Gigafactory will initially produce semi-solid state battery cells, leveraging next-generation technology to enhance safety and lifespan, before transitioning to solid-state battery cells at full capacity.
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