Current:Home > FinanceSlovakia’s government signs a memorandum with China’s Gotion High-Tech to build a car battery plant -WealthGrow Network
Slovakia’s government signs a memorandum with China’s Gotion High-Tech to build a car battery plant
View
Date:2025-04-12 23:42:28
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
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Tommy Tuberville, Joe Manchin introduce legislation to address NIL in college athletics
- Snoop Dogg postpones Hollywood Bowl show honoring debut album due to actor's strike
- Comedian Dave Chappelle announces fall dates for US comedy tour
- Rylee Arnold Shares a Long
- Stressed? Here are ways to reduce stress and burnout for International Self-Care Day 2023
- Jada Pinkett Smith's memoir 'Worthy' is coming this fall—here's how to preorder it
- Kansas football lineman charged in connection with alleged bomb threat
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Pamela Blair, 'All My Children' and 'A Chorus Line' actress, dies at 73
Ranking
- Travis Hunter, the 2
- Prosecutors charge woman who drove into Green Bay building with reckless driving
- Blake Lively Hops Over Rope at Kensington Palace to Fix Met Gala Dress Display
- Samsung unveils foldable smartphones in a bet on bending device screens
- What do we know about the mysterious drones reported flying over New Jersey?
- Florida rentals are cooling off, partly because at-home workers are back in the office
- The heat island effect traps cities in domes of extreme temperatures. Experts only expect it to get worse.
- Stressed? Here are ways to reduce stress and burnout for International Self-Care Day 2023
Recommendation
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
3 US Marines found dead inside car at North Carolina gas station near Camp Lejeune
Judge rejects U.S. asylum restrictions, jeopardizing Biden policy aimed at deterring illegal border crossings
UPS, Teamsters avoid massive strike, reach tentative agreement on new contract
Intel's stock did something it hasn't done since 2022
Hundreds evacuated after teen girl sets fire to hotel sofa following fight with mom
Department of Education opens investigation into Harvard University's legacy admissions
Colorado students at private career school that lost accreditation get federal loan relief