Batteries for electric cars are now produced in only five factories in the world, located in the US and Asia. The investment in Sunceco Battery, the future production facility plant in Croatia’s Sisak city, is valued at EUR 220 million.
Matt Darko Sertić, investor and owner of companies Applied Ceramics and Sunceco, said the factory should be built in three years and that it would occupy 35,000 square meters. Of note, he has started the production of semiconductors and microchips in Sisak based on the technology he used in company Applied Ceramics in the United States. His second company in Croatia, Sunceco, is producing solar modules, systems and LED lighting, as well as chargers for electric vehicles.
Matt Darko Sertić has started the production of microchips in Croatia
Matt Darko Sertić’s business philosophy is to make goods that are not yet produced in Croatia or not with high quality.
The idea is to start the production of batteries in Sisak, because now only five companies in the world – one in the USA, and four in Asia – are in the business, he said in the Entrepreneurial Mindset show, produced by portal Novac.hr.
Only five companies in the world produce batteries for electric cars
According to Sertić, the European Union has realized that it cannot depend on Asian suppliers and that it must have domestic production.
He said he believes in the new project as much as he does in the production of microchips, which he started in Croatia by transferring technology from the Silicon Valley. The semiconductor industry was developing rapidly, and in order for Applied Ceramics to catch up with these changes, it was necessary to start production in Europe, so now the plant in Sisak has 135 employees, Sertić explained.
The microchips it produces are currently in high demand on the world market, so Applied Ceramics increased output in the past few years. The average age of the employees is 33, and most of them are trained in Sisak, but to obtain certain skills they go to the company’s facility in the city of Fremont in California.