Slovak battery manufacturer InoBat has secured a €54 million ($58 million) grant and a €456,000 loan to build a battery cell gigafactory in Valladolid, northern Spain, creating 260 jobs.
The plant, announced in 2022, is expected to reach 32 GWh production capacity by 2027, with full output targeted for 2029. The €54 million subsidy was awarded by Spain’s Ministry of Industry and Tourism under its eMobility programme PERTE, which has previously funded projects by Seat, Stellantis and Volkswagen’s PowerCo.
InoBat plans to invest €712 million in total for the facility, which the ministry said would generate around 500 indirect jobs alongside the direct positions. The project follows the company’s partnership with Chinese battery maker Gotion High-Tech, a Volkswagen-backed firm that acquired a 25% stake in InoBat in 2023.
The Valladolid site will be developed in parallel with a joint gigafactory in Šurany, southern Slovakia, where the first 20 GWh phase is scheduled to begin production in 2026. InoBat currently operates only a pilot line in Voderady, Slovakia, and faces the challenge of proving large-scale manufacturing with low scrap rates, an issue that has hampered rivals such as Northvolt.
InoBat’s founder, Marian Boček, has recently faced scrutiny following the collapse of a planned €150 million investment in air taxi developer Lilium, which subsequently filed for insolvency in February 2025.
