InoBat & Gotion sign MoU for joint battery factory
Battery manufacturers InoBat and Gotion High-Tech have agreed on a battery production cooperation. The two companies signed a non-binding agreement to examine the construction of a joint battery factory.
While the agreement also considers other aspects of cooperation, the joint factory stands out as it would feature annual production capacities of 40 GWh for battery cells and packs for use in electric vehicles. The partners would preferably build the battery factory in Central or Eastern Europe. Technical cooperation for LFP and NMC batteries is also under consideration.
In addition, the two companies plan to examine and co-develop the potential for ESS battery production at existing InoBat premises in Slovakia allowing fast access to the European market, as well as looking at recycling concepts for production scrap and end-of-life cycles for used batteries.
“Gotion is an ideal partner for InoBat. 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,” said Marian Bocek, Founder and CEO of InoBat, before adding: “It is exciting to have the opportunity to leverage both of our complementary capabilities, as well as having the objective to work together on areas that we have yet to explore.”
Steven Cai, CTO and president of Gotions General Research Institute of Engineering, added: “We believe that this cooperation will yield win-win results and create a better future in the EV battery field. It will be part of Gotion High-Tech’s business plan of establishing 100GWh of battery production capacity in the overseas market by 2025 and help to advance the international development of the company in Europe. We are excited about this new partner in our cooperation landscape.”
This would not be InoBat’s first battery factory in the region, as it is building a battery factory in Serbia, which is to open in 2025 with an initial annual capacity of 4 GWh. Another 10 GWh battery cell factory is to open its doors in the company’s native Slovakia in 2024. The company is also covering other corners of the continent with a planned factory in Spain.
Gotion has steadily been expanding its global production network as well, having announced battery factories in Thailand, Vietnam and Michigan, USA.
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