InoBat to build battery factory in Valladolid
InoBat Auto has signed a letter of intent with Spanish authorities to build a factory in Valladolid. At the same time, however, the Slovakian battery manufacturer itself relativises the significance of the document by affirming that other locations in Western Europe are still in the running.
Already in spring, InoBat had announced that it would build its third plant for electric car batteries in Western Europe and that it would decide on a location by the end of the year. The two other factories are a pilot plant with 100 MWh that has been put into operation in the meantime and a planned production facility with 10 GWh in Slovakia.
Despite the declaration of intent, InoBat apparently does not want to commit itself to Spain. The company emphasises that the signed document is not yet a firm agreement and that sites in the UK are still being considered for the factory. The signing of the letters of intent is intended to ensure that if Spain is selected, InoBat will have the necessary permits and government support to move the project forward quickly. InoBat Auto plans to make a final decision on the location of its battery factory in Western Europe later this year.
In the summer, the Slovaks had also announced that they wanted to examine battery assembly and cell production in the USA. Together with the US company Ideanomics, which specialises in e-commercial vehicles, InoBat says it is planning a three-stage project for the development and production of batteries in the US state of Indiana.
InoBat’s business model is based on quickly developing customised battery solutions for customer vehicles. This is currently being done on the basis of the company’s first generation of battery cells. This is an NCM622 pouch cell. Compared to a benchmark cell from Asia, it is said to be able to charge from five to 80 per cent 25 per cent faster, have a 20 per cent longer service life and offer 28 per cent better capacity retention at -20 degrees Celsius.