Current:Home > ScamsSlovakia’s government signs a memorandum with China’s Gotion High-Tech to build a car battery plant -GrowthProspect
Slovakia’s government signs a memorandum with China’s Gotion High-Tech to build a car battery plant
View
Date:2025-04-18 11:36:57
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! (39)
Related
- Retirement planning: 3 crucial moves everyone should make before 2025
- USWNT ousted from World Cup: Team USA reels from historic loss to Sweden
- Bloomsbury USA President Adrienne Vaughan Killed During Boating Accident in Italy's Amalfi Coast
- 'Barbie' is the only billion-dollar blockbuster solely directed by a woman
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Simone Biles is trying to enjoy the moment after a two-year break. The Olympic talk can come later
- 2 killed, 3 injured in Long Beach boat fire: Fire department
- Dirt bike rider dies in crash at Maine motocross park
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Justice Department requests protective order in Trump election interference case to limit his public comments
Ranking
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Indictment ignored, Trump barely a mention, as GOP candidates pitch Iowa voters to challenge him
- House fire and reported explosion in Indiana kills 2 and injures another, authorities say
- Moving to a college dorm? Here's how you can choose a reliable mover and avoid scams
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- The future is uncertain for the United States after crashing out of the Women’s World Cup
- Woman found dead on Phoenix-area hike, authorities say it may be heat related
- First-time homebuyers need to earn more to afford a home except in these 3 metros
Recommendation
B.A. Parker is learning the banjo
Pregnant Kourtney Kardashian Proves Her Maternity Style Is the Most Interesting to Look At
Dozens saved by Italy from migrant shipwrecks; some, clinging to rocks, plucked to safety by copters
Why did MLB's most expensive team flop? New York Mets 'didn't have that magic'
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
Bryson DeChambeau claims first LIV tournament victory after record final round
USWNT humbled by Sweden, again. Epic World Cup failure ends with penalty shootout
Jose Ramirez knocks down Tim Anderson with punch as Guardians, White Sox brawl