International Finance Corp to support InoBat Auto’s battery Gigafactory
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By Will Hall - 17th January 2022
Slovakia – Bratislava-based battery manufacturing start-up, InoBat Auto, has signed a Joint Development Agreement (JDA) with the International Finance Corporation (IFC), part of the World Bank Group. The JDA will support InoBat’s plans to build a 290,000ft² battery R&D centre and pilot battery production line in Voderady, Slovakia.
Under the agreement, IFC and InoBat will collaborate to scale up InoBat’s R&D and battery manufacturing capabilities through a Gigafactory project that can deliver EV batteries at globally competitive prices for the European market.
