Current:Home > FinanceSlovakia’s government signs a memorandum with China’s Gotion High-Tech to build a car battery plant -Excel Wealth Summit
Slovakia’s government signs a memorandum with China’s Gotion High-Tech to build a car battery plant
View
Date:2025-04-12 09:08:40
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! (4)
Related
- The Grammy nominee you need to hear: Esperanza Spalding
- All-Star Freddie Freeman leaves Dodgers to be with ailing son
- Video shows explosion at Florida laundromat that injured 4; witness reported smelling gas
- Son of Kentucky dentist charged in year-old killing; dentist charged with hiding evidence
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- California dad missing for nearly 2 weeks after mysterious crash into street pole
- Nebraska, Ohio State, Alabama raise NIL funds at football practice through fan admission, autographs
- Why Simone Biles was 'stressing' big time during gymnastics all-around final
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Katie Ledecky makes more Olympic history and has another major milestone in her sights
Ranking
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- New sports streaming service sets price at $42.99/month: What you can (and can't) get with Venu Sports
- Billie Eilish and Charli XCX Dance on Pile of Underwear in NSFW Guess Music Video
- Things to know about the largest US-Russia prisoner swap in post-Soviet history
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- All-Star Freddie Freeman leaves Dodgers to be with ailing son
- AP Decision Notes: What to expect in the Kansas state primaries
- 2024 Olympics: Why Simone Biles Was Stressing While Competing Against Brazilian Gymnast Rebeca Andrade
Recommendation
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
Track and field Olympics schedule: Every athletics event at Paris Olympics and when it is
2024 Olympics: Skateboarder Sky Brown Still Competing With Dislocated Shoulder
All-Star Freddie Freeman leaves Dodgers to be with ailing son
McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
Florida braces for flooding from a possible tropical storm
Swimmer Tamara Potocka under medical assessment after collapsing following race
North Dakota voters will decide whether to abolish property taxes