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Slovakia.

Loan paves way to lithium-ion production line in Slovakia as gigafactory plans move forward

Thu, 07/02/2020 - 11:21 -- Paul Crompton

Lithium-ion battery maker InoBat Auto has secured investment to fund the development of a 100MWh R&D centre and production line in Slovakia.

The €10 million ($11 million) loan from European organisation CEZ Group —a conglomerate of 96 companies— comes as the Slovakian battery maker progresses plans to build a 10GWh gigafactory to supply the electric vehicle market.

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EU-US firms ink deal for 100MWh Slovakia battery plant

Thu, 08/01/2019 - 12:33 -- Paul Crompton
EU-US firms ink deal for 100MWh Slovakia battery plant

European battery maker InoBat and US materials firm Wildcat Discovery Technologies have signed a deal that paves the way for a 100MWh battery production line to be built in Slovakia.

Construction on the €100 million (US$111m) plant in the Danube Valley is expected to begin in the first half of next year, with the first batteries ready for distribution around 18 months later.

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