Slovakia moves toward construction of Chinese-owned car battery plant
Fox News
The Slovak government on Thursday signed a memorandum of understanding with Gotion High-Tech to construct a car battery plant in Surany.
The two companies formed Gotion InoBat Batteries, a Chinese-Slovak venture to build the plant in the town of Surany, about 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.
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