{"id":15855,"date":"2023-02-07T10:37:00","date_gmt":"2023-02-07T10:37:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4007695_CN07695_0"},"modified":"2023-02-07T10:37:00","modified_gmt":"2023-02-07T10:37:00","slug":"gotion-and-inobat-sign-mou-to-develop-joint-venture-ev-battery-cells-and-packs","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=15855","title":{"rendered":"Gotion and InoBat sign MoU to develop Joint Venture EV Battery Cells and Packs"},"content":{"rendered":"<p><span class=\"legendSpanClass\"><span class=\"xn-location\">HEFEI, China<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Feb. 7, 2023<\/span><\/span> \/PRNewswire\/ &#8212; On <span class=\"xn-chron\">February 5<\/span>, Gotion High-Tech, the innovative manufacturer of batteries and energy storage solutions in <span class=\"xn-location\">China<\/span>, 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.<\/p>\n<p>With technical superiority, complementary capabilities and a shared sustainability ethos, Gotion and InoBat will look at ways to work together on several key common topics of interest, such as:<\/p>\n<ul type=\"disc\">\n<li>co-development of a JV gigafactory with cell and pack production capacity of 40 GWh to support EV applications, with the CEE region being one of the regions under consideration<\/li>\n<li>technical cooperation based on both sides&#8217; respective advantages of LFP and NMC batteries<\/li>\n<li>co-develop the potential for ESS battery production at existing InoBat premises in <span class=\"xn-location\">Slovakia<\/span> allowing fast access to the European market<\/li>\n<li>technology and commercial partnership in facility operations<\/li>\n<li>investigation of recycling concepts for production scrap and end of life batteries<\/li>\n<\/ul>\n<p>Through the cooperation following the MoU, InoBat benefit from Gotion&#8217;s expertise in electric storage solutions (&#8220;ESS&#8221;) whilst Gotion will benefit from InoBat&#8217;s existing manufacturing sites and expansive market connections in <span class=\"xn-location\">Europe<\/span> to facilitate Gotion&#8217;s internationalization. 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.<\/p>\n<p><b>About Gotion High-Tech<\/b><\/p>\n<p>Gotion High-tech is a world-leading provider of new energy solutions. It focuses on the R&amp;D, production and sales of EV lithium-ion batteries and ESS batteries and ranks among the top in <span class=\"xn-location\">China<\/span> and the global market in terms of comprehensive strength. Gotion High-tech has global operations and has partnered with Volkswagen, Tata Group, Vinfast, and Jinko.<\/p>\n<p>For more information, visit <a href=\"https:\/\/en.gotion.com.cn\" rel=\"nofollow\">https:\/\/en.gotion.com.cn<\/a><\/p>\n<p><b>About InoBat:<\/b><\/p>\n<p>InoBat specializes in electric battery R&amp;D, supply, and recycling for global OEMs in automotive, commercial vehicle, motorsport, and aerospace. Its &#8220;cradle-to-cradle&#8221; approach promotes a circular economy. Backed by Rio Tinto, <span class=\"xn-person\">Amara Raja<\/span>, Ideanomics, IFC, IPM Group and other strategic investors and partners, InoBat has a R&amp;D facility and pilot line in <span class=\"xn-location\">Slovakia<\/span>. It has also been approved for grant financing under the Important Projects for Common European Interest (IPCEI).<\/p>\n<p>For more information, visit https:\/\/inobat.eu\/<\/p>\n<p id=\"PURL\"><img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN07695&amp;sd=2023-02-07\"> View original content:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/gotion-and-inobat-sign-mou-to-develop-joint-venture-ev-battery-cells-and-packs-301740529.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/gotion-and-inobat-sign-mou-to-develop-joint-venture-ev-battery-cells-and-packs-301740529.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HEFEI, China, Feb. 7, 2023 \/PRNewswire\/ &#8212; On February 5, Gotion High-Tech, 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 [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-15855","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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