Current:Home > InvestSlovakia’s government signs a memorandum with China’s Gotion High-Tech to build a car battery plant -ProfitZone
Slovakia’s government signs a memorandum with China’s Gotion High-Tech to build a car battery plant
View
Date:2025-04-14 22:10:00
BRATISLAVA, Slovakia (AP) — The Slovak government signed a memorandum of understanding on Thursday with Chinese electric vehicle battery maker Gotion High-Tech and its local partner, InoBat, to build a car battery plant in Slovakia.
The two companies formed Gotion InoBat Batteries, a Chinese-Slovak venture to build the plant in the town of Surany, about 100 kilometers (60 miles) east of Bratislava. It should create about 1,500 jobs and become operational in 2026 with an initial production of 20GWh.
Financial details about the investment were not given.
German car giant Volkswagen is the largest shareholder in Gotion High-Tech with a 24.77% stake. Volkswagen has a car plant in Slovakia.
Gotion High-Tech began production in its first European plant in Gottingen, Germany, in September.
veryGood! (383)
Related
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- In a Strange Twist, Missing Teen Rudy Farias Was Home With His Mom Amid 8-Year Search
- Journalists at Gannett newspapers walk out over deep cuts and low pay
- It's National Tequila Day 2023: See deals, recipes and drinks to try
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Project Runway All Stars' Johnathan Kayne Knows That Hard Work Pays Off
- Despite Misunderstandings, Scientists and Indigenous Peoples in the Arctic Have Collaborated on Research Into Mercury Pollution
- 'He will be sadly missed': Drag race driver killed in high-speed crash in Ohio
- Sam Taylor
- Candace Cameron Bure Responds After Miss Benny Alleges Homophobia on Fuller House Set
Ranking
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Western Forests, Snowpack and Wildfires Appear Trapped in a Vicious Climate Cycle
- California Has Provided Incentives for Methane Capture at Dairies, but the Program May Have ‘Unintended Consequences’
- It's not just you: Many jobs are requiring more interviews. Here's how to stand out
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- The Art at COP27 Offered Opportunities to Move Beyond ‘Empty Words’
- And the award goes to AI ft. humans: the Grammys outline new rules for AI use
- Taking a breather: Fed holds interest rates steady in patient battle against inflation
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Freight drivers feel the flip-flop
Ex-Starbucks manager awarded $25.6 million in case tied to arrests of 2 Black men
Andrew Tate is indicted on human trafficking and rape charges in Romania
Tom Holland's New Venture Revealed
Saudi Arabia cuts oil production again to shore up prices — this time on its own
The Largest U.S. Grid Operator Puts 1,200 Mostly Solar Projects on Hold for Two Years
California Has Provided Incentives for Methane Capture at Dairies, but the Program May Have ‘Unintended Consequences’