Gotion High Tech and Inobat have announced plans to jointly build an electric-vehicle battery factory in Europe by 2026, with an initial output of 20 GWh. Construction on the plant will begin in 2024, and the companies are currently finalizing a location. Gotion, whose top shareholder is Volkswagen Group, will provide Inobat with supply chain and technology support. This move comes as Europe seeks to reduce reliance on Asian battery makers and develop its own EV battery industry. Gotion is also building battery plants in Michigan and Illinois.
Gotion and Inobat to Build Europe Battery Plant by 2026
Gotion High Tech and Inobat have announced their partnership to build an electric-vehicle battery factory in Europe by 2026. The plant will have an initial output of 20 GWh and construction is set to begin in 2024. This collaboration comes as Europe strives to decrease its dependence on dominant Asian battery manufacturers. Gotion, with Volkswagen Group as its top shareholder, will provide Inobat with supply chain and technology support. In addition, Gotion is also investing in battery plants in Michigan and Illinois.
Reducing Reliance on Asian Battery Makers
Europe’s efforts to develop its own EV battery industry and reduce reliance on dominant Asian battery manufacturers have gained momentum with the partnership between Gotion High Tech and Inobat. With an initial output of 20 GWh, the battery factory is expected to contribute significantly to the region’s electric vehicle market. Gotion’s exclusive contract with Volkswagen Group to supply EV batteries outside of China further strengthens the collaboration. This move aligns with Europe’s strategy to build a sustainable and competitive battery ecosystem.
Supporting Europe’s EV Battery Industry
The joint venture between Gotion High Tech and Inobat marks a significant step towards supporting the growth of Europe’s EV battery industry. By building a battery factory in Europe, the partnership aims to enhance the region’s supply chain and increase local production capacity. This move is crucial in reducing import dependency and ensuring a stable and sustainable source of EV batteries. With construction set to begin in 2024, the project will create employment opportunities and contribute to the development of a greener transportation sector in Europe.
