Slovakia and Gotion High-Tech to Build Car Battery Plant
The plant, expected to be operational by 2026, could create about 1,500 jobs and has the potential for future expansion.
Overview
- Slovak government signs memorandum with Chinese electric vehicle battery maker Gotion High-Tech and Slovak partner InoBat to build a car battery plant in Slovakia.
- The plant, to be built in the town of Surany, is expected to create about 1,500 jobs and become operational in 2026 with an initial production of 20GWh.
- Volkswagen, the largest shareholder in Gotion High-Tech with a 24.77% stake, has a car plant in Slovakia.
- Gotion High-Tech started production in its first European plant in Gottingen, Germany, in September.
- The Slovak plant will have potential to double its capacity in the future.