Bulgaria’s Monbat expects to wrap up bipolar battery plant project by 2024

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November 17, 2021

Bulgarian battery manufacturer Monbat [BUL:MONB] expects that by the end of 2023 or the beginning of 2024 it will have an operational production facility for bipolar lead-acid batteries – a project which was halted due to the coronavirus pandemic, the company’s CEO Viktor Spiriev said.

Monbat is currently completing the tests of the last prototypes and they show very good results, Spiriev said, as seen in a video file published on the company’s website on Monday.

“This technology would help us significantly reduce lead in batteries, be more cost-competitive and achieve a higher margin,” Spiriev said.

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