InoBat & Gotion to Explore Developing Joint Venture Battery Gigafactory in Central Europe

InoBat, a European supplier of premium batteries for electric vehicles (EVs), and China's Hefei Gotion High-Tech Power Energy Co.,Ltd (Gotion), have signed a Memorandum of Understanding (MoU) to explore opportunities in developing  EV battery and energy storage technologies. The two companies will look to co-develop a battery gigafactory with cell and pack production capacity of 40 GWh to support EV applications.

The centrral and eastern European (CEE) region is under consideration as a location for the gigafactory.

The strategic agreement will see InoBat benefit from Gotion’s expertise in electric storage solutions, whilst Gotion will benefit from InoBat's existing manufacturing sites and expansive market connections in Europe.

By working together in mutually beneficial areas, both companies aim to devise new and exciting technologies to accelerate the global charge towards a green energy future.

Gotion High-tech has global operations and has carried out strategic cooperation with Volkswagen, Tata Group, Vinfast and Jinko, among others.

Marian Bocek, Founder and CEO of InoBat, says: “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. 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. We are very excited at the prospect of bolstering knowledge share and beginning a collaboration between our people and our products well.”

Steven Cai, President of Gotion's General Research Institute of Engineering, and CTO of Gotion, adds: “InoBat is a Europe-based battery manufacturer with advanced development concepts and unique technical advantages. The company advocates a "cradle-to-cradle" and recyclable approach to manufacturing electric vehicle (EV) batteries which is in line with Gotion's mission of "Making green Energy accessible and sustainable". Gotion High-Tech intends to carry out a comprehensive cooperation with InoBat in battery technology innovation, localized production of EV batteries in Eastern Europe as part of a green-energy ECO-Park, battery recycling etc.”

InoBat already has a battery research and development facility and pilot line under development in Slovakia.