Current:Home > MySlovakia’s government signs a memorandum with China’s Gotion High-Tech to build a car battery plant -AssetLink
Slovakia’s government signs a memorandum with China’s Gotion High-Tech to build a car battery plant
View
Date:2025-04-27 23:59:01
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! (8)
Related
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- 2 Black men tortured by Mississippi officers call for toughest sentences
- Open seat for Chicago-area prosecutor is in voters’ hands after spirited primary matchup
- Pair accused of defrauding, killing Washington state man who went missing last month
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Garrison Brown’s Close Friend Calls for Sister Wives To Be Canceled After His Death
- Bettors counting on upsets as they put money on long shots this March Madness
- Former Olympian Caitlyn Jenner backs New York county’s ban on transgender female athletes
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Stock market today: Asian shares are mixed after Bank of Japan ups key rate for 1st time in 17 years
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Suspect in fatal shooting of New Mexico state police officer caught
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Front Runners
- Chinese billionaire pleads guilty to straw donor scheme in New York and Rhode Island
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Psst, the Best Vacuum Cleaners are on Sale at Walmart Right Now: Bissell, Dyson, Shark & More
- 'My body won't cooperate any longer': Ex-Cowboys LB Leighton Vander Esch retires from NFL
- Patrick and Brittany Mahomes Share Glimpse at Courtside Date Night at NBA Game
Recommendation
Most popular books of the week: See what topped USA TODAY's bestselling books list
New Jersey’s unique primary ballot design seems to face skepticism from judge in lawsuit
Sculpture park aims to look honestly at slavery, honoring those who endured it
Pedal coast-to-coast without using a road? New program helps connect trails across the US
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Shop Customer-Approved Big Hair Products for Thin Hair and Fine Hair
Biden administration sides with promoter, says lawsuit over FIFA policy should go to trial
Ohio GOP congressional primaries feature double votes and numerous candidates