InoBat mulls CEE for EV battery gigafactory
Slovakia-based EV battery company InoBat is partnering with China’s Hefei Gotion on joint venture opportunities including a gigafactory in the region.
Under an MoU the two companies intend to explore joint venture opportunities to advance EV battery and energy storage technologies, with Gotion providing expertise in electric storage solutions while InoBat has existing manufacturing sites and expansive market connections in Europe.
The potential gigafactory could have up to 40GW capacity for cell and pack production to support electric vehicle applications.
Other topics of common interest include technical cooperation, co-development of the potential for energy storage battery production at existing InoBat premises in Slovakia to accelerate access to the European market and technology and commercial partnerships in facility operations.
Have you read?
Giga-scale battery factory to launch in Norway
Five energy storage technologies to watch
The companies also intend to investigate recycling concepts for production scrap and end-of-life batteries.
“Gotion is an ideal partner for InoBat,” says founder and CEO, Marian Bocek.
“Like us, they firmly believe that a sustainable future is only achievable if the energy, and the products that provide this energy, can be both sourced and recycled in a sustainable manner, sharing the cradle-to-cradle ethos that lies at the heart of InoBat.”
Steven Cai, President of Gotion’s General Research Institute of Engineering and CTO of Gotion, comments that the cooperation forms part of the company’s business plan of establishing 100GWh of battery production capacity in overseas markets by 2025 and advancing its international development in Europe.
“Gotion High-Tech intends to carry out a comprehensive cooperation with InoBat in battery technology innovation and localised production of EV batteries in Eastern Europe. We believe that [it] will yield win-win results and create a better future in the EV battery field.”
