Gotion acquires a 25% stake in InoBat
By Luke Willetts - 21st September 2023
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Marian Bocek, Founder and CEO of InoBat (left) and Steven Cai, CTO of Gotion (right) at the official signing ceremony
Slovakia / China – Last month Chinese battery maker, Gotion High-tech Co Ltd based in Hefei, China acquired a 25% stake in Slovakian battery producer, InoBat Auto based in Bratislava, for an undisclosed sum. Earlier this year, both companies entered into a joint venture to develop battery cells and packs combining Gotion’s expertise in electric storage solutions with InoBat’s battery manufacturing capabilities and European connections.
The significance of this investment for InoBat is that this will provide access to Gotion's research and development, its raw materials (lithium etc.) supply chain, cell production and recycling capabilities which will accelerate InoBat’s path to mass battery-cell production.
