Current:Home > ContactSlovakia’s government signs a memorandum with China’s Gotion High-Tech to build a car battery plant -Momentum Wealth Path
Slovakia’s government signs a memorandum with China’s Gotion High-Tech to build a car battery plant
View
Date:2025-04-12 23:56:29
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! (691)
Related
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Imprisoned Kremlin foe Navalny refuses to leave his cell and skips a court hearing as a protest
- Bijan Robinson reveals headache was reason he barely played in Falcons' win
- How age, stress and genetics turn hair gray
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Investigators use psychology to help extract confessions from a suspected serial killer
- Counting down the NBA's top 30 players for 2023-24 season: Nos. 30-16
- Detroit police search for suspect, motive in killing of synagogue president Samantha Woll
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- 2 New York hospitals resume admitting emergency patients after cyberattack
Ranking
- 'We're reborn!' Gazans express joy at returning home to north
- Is California censoring Elon Musk's X? What lawsuit could mean for social media regulation.
- Wastewater reveals which viruses are actually circulating and causing colds
- 5 Things podcast: Will California's Black reparations to address slavery pass?
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Think your job is hard? Try managing an NBA team to win a championship
- Missing submarine found 83 years after it was torpedoed in WWII battle
- Chevron buys Hess for $53 billion, 2nd buyout among major producers this month as oil prices surge
Recommendation
2025 'Doomsday Clock': This is how close we are to self
Georgetown coach Tasha Butts dies after 2-year battle with breast cancer
Danish deputy prime minister leaves politics but his party stays on in the center-right government
Authorities find car linked to suspect in Maryland judge's fatal shooting
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Taylor Swift and Brittany Mahomes Are the Real MVPs for Their Chiefs Game Handshake
Dwayne 'The Rock' Johnson says new wax figure in Paris needs 'improvements' after roasted online
No one injured in shooting near Mississippi home of US Sen. Cindy Hyde-Smith