Recently, Gotion High-Tech signed a MoU with InoBat to explore Joint Venture opportunities in revolutionizing EV battery and energy storage technologies, including co-development of a gigafactory with cell and pack production capacity of 40 GWh.
On February 5, Gotion High-Tech (Chinese: 国轩高科), the innovative manufacturer of batteries and energy storage solutions in China, signed a Memorandum of Understanding (MoU) with InoBat, the European pioneering supplier of premium batteries for electric vehicles, to explore Joint Venture opportunities in revolutionizing EV battery and energy storage technologies, including co-development of a gigafactory with cell and pack production capacity of 40 GWh.
According to the agreement, the two sides will explore cooperation in various fields such as manufacturing and R&D. In the field of cell manufacturing, the two companies will jointly explore the construction of a 40GWh cell and Pack plant in the form of a joint venture. In the field of technology cooperation, the two companies will cooperate based on their respective strengths in LFP and NMC batteries.
In the field of energy storage, the two companies will co-develop the potential for ESS battery production at existing InoBat premises in Slovakia allowing fast access to the European market. In addition, the two companies are also committed to establishing technical and commercial cooperation in facility operations, and jointly exploring the feasibility of recycling production waste and end-of-life batteries.
The strategic agreement will see 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. While InoBat and Gotion will maintain their independent businesses and chemistries, 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.