Slovakia invests in new energy storage batteries

The Slovakian government has signed an investment agreement with Gotion InoBat Batteries, a joint venture between Chinaʼs Gotion High-tech and Slovakian battery manufacturer InoBat. The battery factory is to be built in the town of Šurany. The project was first announced in 2023. – Up to 40 GWh capacity – Chemistry solutions for electric vehicle batteries and energy storage solutions Bratislava, Slovakia; Hefei, China 7th January 2023: InoBat, the European pioneering supplier of premium batteries for electric vehicles, and Hefei Gotion High-Tech Power Energy Co.,Ltd ("Gotion"), innovative manufacturer of batteries and energy …

Did Slovakia sign a joint venture agreement with the government?

The government and joint venture have now signed an Investment Agreement. The agreement does not come as a surprise. In November 2023, the companies signed a letter of intent to this effect with the Slovakian government regarding the factory. The partners had already presented the key points of the joint factory in September.

Why did Slovakia choose a Gigafactory?

Minister of Economy of the Slovak Republic Denisa Saková appreciated the choice of location in Slovakia, adding that in addition to new jobs, the gigafactory will bring cutting-edge technology to the region.

Why has the Ministry of economy promoted batteries in structural projects & renewal plans?

THE PRIVATE SECTOR, GOVERNMENT, ACADEMIA AND ASSOCIATIONSThe Ministry of Economy has promoted batteries in structural projects and renewal plans because energy storage will key the achievement of 2030 and 2050 climate targets. In order to support investment in batteries, first the right legislation must be in place, then the funding,

What did the Slovak government do?

The Government of the Slovak Republic, represented by the Ministry of Economy, undertook to provide grants, settle the land, undertake to prepare the building plot, and ensure the connection of the power grid.

Will Slovakia become part of international consortiums?

lity Slovakia to become part of international consortiums. Full automation of pub-lic and rail transportation systems should happen before individual tran portation, where the goal is to flatten vehicle purchases. Rather than tra-ditional vehicle ownership, the new trend follows a business model where a car is sold to

Is Slovakia returning to the map of economically attractive countries?

The targeted start of production (“SOP”) in Q2/2026 and full-scale production is scheduled for 2027. Prime Minister of the Slovak Republic, Robert Fico, considers the trust of investors in selecting a location as evidence that Slovakia is returning to the map of economically attractive countries.

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The Slovakian government has signed an investment agreement with Gotion InoBat Batteries, a joint venture between Chinaʼs Gotion High-tech and Slovakian battery manufacturer InoBat. The battery factory is to be built in the town of Šurany. The project was first announced in 2023.

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