Current:Home > reviewsSlovakia’s government signs a memorandum with China’s Gotion High-Tech to build a car battery plant -Nova Finance Academy
Slovakia’s government signs a memorandum with China’s Gotion High-Tech to build a car battery plant
View
Date:2025-04-19 14:18:18
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! (14)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Russell Brand questioned by London police over 6 more sexual offense claims, UK media say
- Apple is halting sales of its Apple Watch Series 9 and Ultra 2 devices. Here's why.
- Wander Franco earns $700,000 bonus from MLB pool despite ongoing investigation
- See you latte: Starbucks plans to cut 30% of its menu
- Rural Arizona Has Gone Decades Without Groundwater Regulations. That Could Soon Change.
- 'The Masked Singer' Season 10 finale: Date, time, finalists, how to watch
- When a quick telehealth visit yields multiple surprises beyond a big bill
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Trial set for North Dakota’s pursuit of costs for policing Dakota Access pipeline protests
Ranking
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Jonathan Majors dropped by Marvel Studios after being found guilty of assaulting ex-girlfriend
- Norman Lear's Cause of Death Revealed
- FDA finds ‘extremely high’ lead levels in cinnamon at Ecuador plant that made tainted fruit pouches
- $73.5M beach replenishment project starts in January at Jersey Shore
- Two upstate New York men won $10 million from the state's lottery games
- Audit finds Tennessee prisons severely understaffed, officers worried about safety
- Five children, ages 2 to 13, die in house fire along Arizona-Nevada border, police say
Recommendation
Small twin
How many students are still missing from American schools? Here’s what the data says
Cyprus says a joint operation with Mossad has foiled a suspected Iranian plot to kill Israelis
Death of 5-year-old boy prompts criticism of Chicago shelters for migrants
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Militants with ties to the Islamic State group kill 10 people in Uganda’s western district
Rural Arizona Has Gone Decades Without Groundwater Regulations. That Could Soon Change.
Hannah Godwin Shares Why Her First Christmas a Newlywed Is “So Special” and Last-Minute Gift Ideas