Joint Declaration of Support Signed at the EU-Western Balkans Investment Forum
Subotica, Serbia / Tirana, Albania – October 13, 2025 – At the high-level EU-Western Balkans Investment Forum held yesterday in Tirana, Albania, ElevenEs CEO, Nemanja Mikać, signed a Joint Declaration of Support for the ElevenEs Battery Manufacturing Expansion with representatives from the European Commission (DG ENEST) and the Development Agency of Serbia, in presence of the President of the European Commission, Mrs. Ursula von der Leyen.
The Joint Declaration of Support is recognizing ElevenEs as a relevant investment project aligned with the EU’s Green Deal and the Global Gateway Strategy. It also recognizes ElevenEs’s important role in the upcoming decarbonization of the EU’s electricity, transport and industrial sectors. ElevenEs is poised to accelerate the development of the European e-mobility and energy storage value chains, promoting local supply chain integration, and fostering sophisticated technological skills necessary for the region’s industrial advancement.
The signing ceremony took place on the first day of the first EU-Western Balkans Forum, supported by the European Commission and dedicated to strengthening economic cooperation and investment opportunities between EU member states and Western Balkan partners.
CEO of ElevenEs, Mr. Nemanja Mikać stated:
“Signing this Joint Declaration of Support with the European Commission and the Serbian Development Agency is an important recognition of the quality of for the prismatic LFP Blade Cells battery we produce, and ElevenEs’s upcoming contribution to the EU’s decarbonization efforts, and the economic and industrial development across the region.The future of sustainable, affordable, and safe energy storage for Europe will be engineered, developed, and manufactured right here in the Western Balkans. ElevenEs is proving that “that deep technical expertise, continuous focus on improvements, and perfecting manufacturing can turn the Western Balkans into the EU’s most reliable business partner for battery cells.”
ElevenEs strategically leveraged 30 years of electrode manufacturing expertise to develop highly-performing LFP blade battery cells (https://elevenes.com/products/), suitable to meet Europe’s surging battery demand for electric vehicles and industrial energy storage system batteries. The total planned investment in Serbia amounts to €700 million, delivered through two phases, and is expected to create approximately 1,000 new jobs. This is set to establish Serbia and the Western Balkans as a crucial battery cell manufacturing hub, aiming to be the EU’s go-to partner for its electrification and decarbonization needs.
About ElevenEs: ElevenEs is a pioneering European manufacturer of Lithium Iron Phosphate battery cells, committed to building the first LFP Gigafactory in Europe. Spin out of the Al Pack Group in 2022, the company leverages three decades of high-precision industrial expertise to deliver safe, cost-effective, and long-lasting energy storage solutions for electric mobility and stationary applications.
For more information, visit www.elevenes.com