Hithium plans €400M battery manufacturing plant in Navarra, Spain, in partnership with Sodena
Type: Development · Technology: Storage · Country: Spain · Value: EUR 400M · Announced: 2026-03-10
Hithium will invest €400M to establish an LFP battery manufacturing plant in Navarra, Spain. The joint venture with public Navarrese company Sodena will create up to.
Analysis
The €400M LFP battery manufacturing plant planned by Hithium in Navarra, Spain, represents a strategic industrial development, co-financed through a joint venture with public Navarrese entity Sodena. This significant investment positions Hithium, a global manufacturer of battery energy storage systems, to establish a crucial European production footprint, likely aiming to de-risk supply chains and serve the continent's rapidly expanding storage market. The "megafábrica de baterías en Navarra" project, announced for 2026-03-10, demonstrates a forward-looking commitment to advanced manufacturing within the region, with Hithium investing €400M into the Pamplona facility. This structure benefits Hithium by securing regional support, while Sodena achieves its mandate of attracting substantial business projects to Navarra. Hithium, founded in Xiamen, China, in 2019, has rapidly ascended, shipping over 20 GWh of battery products globally, making this Navarra plant a major expansion beyond its existing manufacturing base. For Sodena, the public development agency of the Government of Navarre since 1984, this joint venture directly fulfills its role as an investment vehicle, supporting and attracting business projects in strategic sectors for the region. The collaboration with Hithium brings a leading battery technology developer to Pamplona, aligning Navarra with the growing demand for localized LFP battery production in Europe. This deal enhances Sodena's portfolio of industrial investments and diversifies Hithium's global manufacturing presence.
Key points
- Hithium will invest €400M to establish an LFP battery manufacturing plant in Navarra, Spain.
- The project is a joint venture with Sodena, the public development agency of the Government of Navarre.
- Hithium, founded in 2019, has already shipped over 20 GWh of battery products globally.
- Sodena, established in 1984, acts as an investment vehicle for strategic sectors in Navarra.
- The development project for the "megafábrica de baterías en Navarra" was announced for 2026-03-10.