Gotion and InoBat planning battery factory in Slovakia
The companies have now signed a letter of intent to this effect with the Slovakian government. The partners had already presented the key points of the joint factory in September. However, the location was still generally referred to as the “Central European region”.
According to the agreement, Gotion InoBat Batteries (GIB) will start building the factory in 2024 and the Slovakian government will grant subsidies, provide the 65-hectare site for the factory, prepare the building plot and ensure the connection to the power grid. Production is expected to start in the second quarter of 2026 and series production in 2027.
The Gotion InoBat Batteries battery cell factory is expected to have an initial annual capacity of 20 gigawatt-hours, which can potentially be doubled to 40 GWh. Independently of the Gotion InoBat Batteries factory, InoBat itself is planning a 100 MWh pilot production facility in Voderady and a 10 GWh factory from 2024.
Slovakian Prime Minister Robert Fico sees investor confidence in the choice of location as proof that Slovakia is returning to the map of economically attractive countries. “Foreign investments are a necessary catalyst for our economy,” said the prime minister. “They bring not only capital but also job opportunities and technological innovations. Our government guarantees a stable and predictable political and legal environment and professionalism in governing the country. The arrival of foreign investments, job creation, technological transfer, and capital inflow into the country are, therefore, a direct confirmation of mutual trust.”
“Supported by the government of the Slovak Republic and InoBat, Gotion aspires to establish this project as the foremost advanced battery manufacturing base and zero-carbon factory in Europe, and even globally,” says Li Zhen, Chairman of Gotion High-Tech. InoBat CEO Marian Bocek adds: “GIB represents a unique example of strong partnership between fast-growing start-up with the outstanding experience in project development and knowledge of Slovakian context and the technology leader capable of delivering a full range of technology and scale-up manufacturing capacities.”