Gotion and InoBat Signs MoU to Develop Joint Venture EV Battery Cells and Packs

With technical superiority, complementary capabilities and a shared sustainability ethos, Gotion and InoBat will look at ways to work together on several key common topics of interest, such as co-development of a JV gigafactory with cell and pack production capacity of 40 GWh to support EV applications, with the CEE region being one of the regions under consideration, Technical cooperation based on both sides' respective advantages of LFP and NMC batteries, Co-develop the potential for ESS battery production at existing InoBat premises in Slovakia allowing fast access to the European market, Technology and commercial partnership in facility operations, Investigation of recycling concepts for production scrap and end of life batteries.

Through the cooperation following the MoU, InoBat benefit from Gotion's expertise in electric storage solutions (ESS) whilst Gotion will benefit from InoBat's existing manufacturing sites and expansive market connections in Europe to facilitate Gotion's internationalization.

By working together in mutually beneficial areas, both companies aim to devise new and exciting technologies to accelerate the global charge towards a green energy future.