To meet the growing demand for battery components in Europe, Gränges plans to invest SEK 600 million over two years to double its capacity for battery cathode foil production in Finspång, Sweden. The new capacity is planned to come online during 2025.Serving the rapidly growing market demand for battery and electrification components in Europe and North America is a high priority in Gränges’ Navigate plan for sustainable growth. Battery cathode foil is a critical component in the lithium-ion battery cells necessary for a transition to electric vehicles. Demand for BCF is expected to grow by over 25 per cent annually for many years to come.The investment of in total SEK 600 million will take place over two years and will be financed with internally generated cashflow and existing credit facilities. Gränges expects a return on this investment in line with or above financial targets.