Chivite and the Chinese company have signed an agreement in Beijing for the investment of Hithium in Navarre
The project will make it possible to invest EUR 405 million and create about 700 jobs, in the first phase, in Navarre, and in the second phase there can be up to a thousand jobs.
From left to right, Chivite, Sanchez and Jeff Wu, founder of Hithium.
The Navarre Government and the Chinese company Hithium have today signed a commitment document in Beijing to advance the implementation of the investment to be made in the Foral Community.
The project envisages the establishment of a battery storage plant in Navarre, with an investment of EUR 405 million and the creation of 1,000 jobs — about 700 jobs will be created in the first phase.
In statements to the media, the President of the Navarre Government, Maria Chivite, has explained that this is very good news for Navarre.
Chivite said that although administrative steps have yet to be taken to implement the project, if the expected times are met, the company's intention is to start producing by 2027.
Asked about the location of the future battery plant, Chivite has confirmed that the BSH power plant is an option, but has stressed that details are still to be determined.
For his part, Industry Advisor Mikel Irujo has pointed out that today is an "important day" for Navarre, another "milestone" for Hithium to make its investment in the foral community a reality.
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