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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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