The company has signed a letter of intent for the lease of the premises, comprising approximately 10,000 square metres of space, and an option to expand the premises in the future.
In addition to production, the new premises will also house RDI and office space, among other functions. The new production facility will be opened gradually during 2024, and it will double Kempower’s production facilities in Europe. The new facilities are the first part of Kempower's capacity expansions in Europe during 2024-2025.
The company’s new premises will be located in the Isku Centre in Lahti. The premises have previously been used entirely as Isku's furniture factory, but now they’re housing Isku, LAB University of Applied Sciences, LUT University, and other companies. The choice of premises was based, among other factors, on the suitability and the possibility of future expansion. The parties will design and build the new facilities in close cooperation.
Kempower is also strengthening its collaboration with universities by opening a new research centre at the LUT University campus in Lahti. The new research centre will be opened by the end of 2023, conveniently located on the same property as Kempower’s new premises. Local collaboration provides valuable resources and generates new academic research to support the company's growth globally.
“Expanding our company's operations in its hometown of Lahti feels great,” said Kempower’s CEO Tomi Ristimäki. “With our new premises, we will be able to meet the growing demand for reliable fast charging solutions. By locating our product development and research close to production, we can continue our growth efficiently and build the top expertise in e-mobility in Finland."
The expansion of Kempower’s operations in Lahti is part of the company’s growth strategy to become one of the top five players in Europe and North America by 2030. By the end of this year, Kempower will open a new production facility in Durham, North Carolina.
