Electric vehicle batteries

Lithuania. Charging your EV transition

Europe is projected to become a renewable energy powerhouse and the second largest market globally for electric vehicles (EVs). Thanks to robust EU regulations on CO2, strong commitment from European OEMs, and increasing local demand, sales of EVs are set to increase dramatically, reaching 7 million by 2025. To support this growth, Lithuania can offer just the right conditions to meet the growing demand for battery gigafactories that would follow sustainable manufacturing guidelines. Access to renewable energy resources, a well-developed logistics network, and a rich culture in engineering – these are just some of the ingredients for fostering sustainable manufacturing operations that Lithuania offers.

Reasons to choose Lithuania

Hella Set Up Timeline

1. Fast-track entry

The Lithuanian Government is on hand and ready to offer support for larger scale projects. This includes assistance with site preparation, infrastructure, and construction permits. German automotive components manufacturer HELLA is just one of the latest in a string of international investors to benefit from Lithuania’s fast-track set up processes.

Share Of Renewable Energy

2. A strong renewable energy strategy for sustainable manufacturing

In Lithuania, more than 25% of the energy consumed comes from renewable sources, meaning the country has exceeded EU targets for 2020 and is above the EU average. And the share of green energy is set to grow exponentially in the upcoming decade, putting Lithuania in a leading position in the region. Alongside being green, Lithuania’s energy sources are also robust and reliable. It has experienced zero outages, offers direct access to the largest energy market in Europe (NordPool), and has three energy links to Sweden, Finland and Poland, ensuring a reliable and cost-competitive supply.

3. Skilled engineers ready to drive your business

Lithuanian engineers have built a reputation with international companies for their strong work ethic, ability to learn quickly, and willingness to go the extra mile. These specialists are not just problem solvers: they drive solutions with their innovative thinking. What’s more, Lithuanian universities are taking the initiative to steer the dialogue between academia and business so that study courses are tailored to meet industry needs.

  • Collaboration
    1st
    for university-industry collaboration in R&D among CEE countries
    Source: The Global Competitiveness Report, WEF, 2018-2019