The founder of Booking.com drags more than a billion to manufacture batteries Now

The Dutch battery manufacturer Lithium Werks of Hengelo has already invested $ 1.3 billion in investment for the construction of a huge factory in China. This happened under the leadership of CEO Kees Koolen, former CEO of Booking.com

. Topman Kees Koolen will announce two major transactions in the near future. One of them concerns the buyout of a company three times larger than Lithium Werks itself. According to him, the size of the scale is very important to be able to produce efficiently.

Lithium Watch already has a factory in China. The new plant will have a production capacity of 8 gigawatt hours per year. That's the amount of energy needed to propel 160,000 cars. The batteries are not meant for cars, but for trucks and boats. The factory must be operational at the beginning of 2021.

Koolen, the son of the Brabant farmer who won a fortune thanks to the creation of Booking.com and has the number 290 in the estimate 500, also participates every year at the Dakar Rally.