Current:Home > NewsCharles Langston:Slovakia’s government signs a memorandum with China’s Gotion High-Tech to build a car battery plant -GlobalInvest
Charles Langston:Slovakia’s government signs a memorandum with China’s Gotion High-Tech to build a car battery plant
SignalHub View
Date:2025-04-08 08:26:27
BRATISLAVA,Charles Langston 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! (44776)
Related
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- To run or not to run? New California senator faces tough decision on whether to enter 2024 campaign
- Mary Lou Retton's Daughter Shares Health Update Amid Olympian's Battle With Rare Form of Pneumonia
- What is the Gaza Strip? Here's how big it is and who lives there.
- Trump's 'stop
- National Coming Out Day: Where to find support, resources and community
- Purchase of old ship yard from port operator put on hold amid questions from state financing panel
- 'Oh my God, that's a monster!': Alligator gar caught in Texas could set new world records
- B.A. Parker is learning the banjo
- China loses team eventing place at Paris Olympics because horse found with a ‘controlled medication’
Ranking
- 'Most Whopper
- 2023 Fat Bear Week has crowned its winner – a queen that's thicker than a bowl of oatmeal
- Filed for Social Security too early? Here's why all isn't lost.
- 'We're shattered' How an American family is mourning a loved one lost to war in Israel
- All That You Wanted to Know About She’s All That
- George Santos charged with conspiracy, wire fraud and more
- Supreme Court seems skeptical of finding that South Carolina congressional district was racial gerrymander
- Biden proposes a ban on 'junk fees' — from concert tickets to hotel rooms
Recommendation
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
Oklahoma Supreme Court chief justice recommends removing judge for texting during a murder trial
Looking for last-minute solar eclipse glasses? These libraries and vendors can help
A train has derailed in India killing at least 1 passenger and injuring 30 others
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
'Oh my God, that's a monster!': Alligator gar caught in Texas could set new world records
Mary Lou Retton's Daughter Shares Health Update Amid Olympian's Battle With Rare Form of Pneumonia
Female frogs fake their own death to avoid unwanted attention from males: Study