Sicona Battery Technology has unveiled plans to build a 60 million-dollar pilot lithium battery plant, the first in Australia, at Shellharbour Airport.
It should be up and running within two years, pending a $20 million grant from the NSW government.
This would be the first factory in Australia to manufacture lithium cells, which are currently all imported from China, despite Australia having the largest lithium deposits.
Sicona claims on its website to have developed an innovative battery anode technology that will offer up to 100% more capacity and 50% more density than current lithium batteries.
The site at Shellharbour Airport is expected to have 60 full-time jobs when completed.