19.9 C
Supported byspot_img

Gotion High-Tech and InoBat to build gigafactory for the production of batteries

Member of Europium Groupspot_img
Supported byspot_img

Construction of the factory is expected to begin in 2024. The future gigafactory should cover an area of more than 100 hectares and create thousands of jobs, with full launch expected by 2026.

InoBat CEO Marián Boček explains that their joint venture to build a gigafactory is a great opportunity that Europe should take advantage of. Currently, the partners are facing a final decision, within which they are also considering multiple options in the region. One of the key factors for the investment decision is a strong support from the state and state institutions in building critical infrastructure, construction permits and providing competitive state aid.

“Europe has great potential, strategic location and a long tradition in the automotive industry, InoBat has proven that in a relatively short time it can choose a suitable location, successfully manage the permitting process and complete the construction of such an extremely complex technology as a battery factory. Our R&D centre and pilot line in Voderady are progressing and the technology is already working there.”

Supported by

Marián Boček also explains that the plan to build a gigafactory starting with 20GWh in the first stage creates also a potential for further development. Gotion High-Tech even plans to develop Europe’s largest Agri-Solar power plant to supply its giga factory with green power as part of this investment program.

“We are pleased to have a strong and experienced partner in the form of Gotion High-Tech. Thanks to such steps and partnerships, Slovakia has the opportunity to fight for the location of the factory and thus be competitive in the field of electromobility. The partnership with Gotion High-Tech is therefore of very strategic importance to us in several areas. An important element in building this strategic project is close cooperation with the state and its institutions.”

Steven Cai, Board member and CTO of Gotion adds that InoBat has convinced them, among other things, with its strong know-how in research and development of their own batteries.

“This gigafactory is to meet the localization demand from our European customers currently supplied out of China as well as our new customer nominations in Europe soon to be announced.”

Two weeks ago, Gotion High-Tech announced the acquisition of a 25% strategic stake in InoBat AS. Gotion High-Tech has an exclusive contract with Volkswagen to supply EV batteries outside of China. VW also owns a 24.77% stake in Gotion High-Tech and is the company’s largest shareholder.

The collaboration between Gotion High-Tech and InoBat opens up new opportunities for innovation in the battery industry. The two companies share a common vision of tackling the climate crisis and securing a sustainable future for the planet for future generations.

The advantage of combining InoBat with Gotion in Gotion InoBat Batteries is that they bring experience in the development, production and recycling of batteries to customers in Central and Eastern Europe. Localizing battery production and reducing the need for long-distance transport will contribute to reducing emissions and strengthen the region’s competitiveness.


Source: InoBat

Supported byElevatePR Digital

Related News

Rio Tinto Assures on 2500 Pages – There is a Solution for Every Danger

Rio Tinto executed a move announced six months ago – they published drafts of environmental impact studies on how harmful the lithium mine in...

Geopolitical struggle over Central Asia’s rare-earth reserves

Central Asia, encompassing Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, Afghanistan and Mongolia, holds vast untapped reserves of rare-earth minerals. Recent global developments have thrust these...

Critical Materials Act: Europe’s strategy for securing green technology supply chains

In May 2024, the EU Critical Raw Materials Act (CRMA) came into force, setting ambitious benchmarks for the domestic production and diversification of strategic...

Critical materials and the path to resilience: Europe’s quest for technological independence

The sustainability and resilience of modern economies hinge critically on the availability and management of key raw materials, such as lithium, cobalt and nickel....
Supported by
Supported by
Supported by
error: Content is protected !!