Battery companies InoBat and Gotion High-Tech have entered into a cooperative partnership to explore the construction of a joint battery production factory. The non-binding agreement, signed by both companies, involves the consideration of other areas of cooperation, but the main highlight is the factory, which aims to produce 40 GWh of battery cells and packs for use in electric vehicles. The ideal location for the battery factory would be in Central or Eastern Europe. Technical cooperation for LFP and NMC batteries is also under consideration.
In addition to the joint battery factory, the two companies plan to investigate and co-develop the ESS battery production potential at InoBat’s existing premises in Slovakia, with a goal of fast access to the European market. Recycling concepts for production scraps and end-of-life cycles for used batteries are also part of their plans.
See also: InoBat Auto to build electric vehicle battery cell factory in Serbia
Marian Bocek, Founder and CEO of InoBat, stated that Gotion is the ideal partner for InoBat as they share the same belief in a sustainable future where energy and its products can be sourced and recycled sustainably. Steven Cai, CTO and President of Gotion’s General Research Institute of Engineering, said that the cooperation will bring win-win results and help to advance the international development of the company in Europe.
InoBat already has a battery factory in Serbia, set to open in 2025 with an initial annual capacity of 4 GWh. Another 10 GWh battery cell factory is planned to open in Slovakia in 2024, with the company also exploring the possibility of a factory in Spain. On the other hand, Gotion has battery factories in Thailand, Vietnam, and Michigan, USA, and plans to establish 100 GWh of battery production capacity in the overseas market by 2025.
