This investment paves the way for superior R&D and giga scale transformative localised battery value-chains in Europe, Middle East, and Africa.
Gotion High-Tech, one of the premier Chinese battery conglomerates with a fast-growing global footprint in the entire battery value-chain has acquired a 25% strategic cornerstone stake in InoBat AS the fast-growing Slovakian battery company incorporated in Norway. InoBat delivers bespoke customized high performance NMC batteries with its proprietary C2C circular value-chain development platform.
This landmark investment has been nearly one year in the making and is a “first of its kind” on a number of fronts:
1. The Gotion-InoBat-Batteries (GIB) transaction is the first such major investment by a top tier Chinese global battery maker in a European premier startup with a significant portfolio of IP Industrialisation and scale-up projects under development in Europe and with global ambitions to utilise it IP franchising platform.
2. GIB will deliver significant progress in the race to Net Zero, utilising transformative development approach and focusing on localisation of the Battery value-chain for its customers, with initial focus in the CEE locations, and also Morocco for creation of green battery materials.
3. GIB will intensify and fast-tract R&D across the battery value-chain including innovative scale-up, structuring and financing templates.
Gotion High-Tech has committed significant capital and technology support to ensure and safe-guard InoBat’s success of the GIB framework. Both companies share a common vision of reversing Climate devastation to ensure a sustainable future for our planet and future generations.
Mr. Li Zhen, founding Chairman and CEO of Gotion High-Tech said, “It is my earnest desire that Gotion High-tech, alongside InoBat, extends the reach of its batteries worldwide. Moreover, I hope that Gotion High-tech can foster collaborations not only with InoBat but also with other renowned enterprises in Europe and across the globe. Through our joint efforts, we aim to develop and manufacture batteries that will find their way into countless households in Europe. We strive to play a pivotal role in achieving the continent’s carbon neutrality goals by 2050.”
Mr. Marian Bocek, Co-founder and CEO of InoBat added, “We are thrilled about GIB. Our partnership with Gotion High Tech heralds a new era in significant value creation through collaborative win-win alliances, helping to close the gap between Asian battery leaders and the rest of the world. GIB will unlock the full potential of Europe and our neighbours in the EMEA region in delivering localised Net Zero closed loop circular battery value-chains for e-mobility as well as superior energy storage solutions. GIB will nurture and grow InoBat‘s strategic premise and ethos for customised bespoke R&D to deliver safe high performance batteries and green energy solutions”.
Dr Tara Lindstedt, InoBat’s Board Member and Chief Development Officer who signed the investment agreement on behalf of InoBat said, ”I am thrilled and honoured to represent InoBat here in Hefei. Very proud of both teams who came together last year and joined forces 24/7 to help GIB come to life here today under Chairman Li’s patronage. Together we will ensure that GIB will deliver its promise in line with SDG 2030, EU Green Deal and the European Battery Alliance. Watch this space!”.
About Gotion High-Tech
Gotion High-tech Co., Ltd., as the first private enterprise in the power battery industry to enter the capital market in China, was listed on the Shenzhen Stock Exchange in May 2015. The Company specializes in the development and manufacture of power batteries for new energy vehicles, energy storage application, power transmission and distribution equipment, etc. Gotion High-tech is a technology-based Company focused on power battery technology research and development and innovation. It is one of the earliest enterprises engaged in the independent research and development, production and sales of new energy vehicle power lithium-ion batteries in China. Gotion High-tech has global operations and has carried out strategic cooperation with Volkswagen, Tata Group, Vinfast and Jinko, among others.
For more info：en.gotion.com.cn
Contact: Zhao Changcun
InoBat specialises in pioneering research, development, design, manufacturing, supply and recycling of innovative electric batteries custom-designed to meet the specific scope and requirements of global mainstream and specialist OEMs and energy sector participants. InoBat’s sector focus is on the automotive, commercial vehicle, motorsport, and aerospace sectors. InoBat provides innovative solutions across the entire value chain thanks to its “C2C” circular value-chain. InoBat is backed by a strong consortium of strategic investors and partners such as Rio Tinto, Amara Raja, Ideanomics, the International Finance Corporation of the World Bank, and it original sponsors the IPM Group, Avanea and Across. InoBat achieved R&D grant financing under the EU sponsored programme, Important Projects of Common European Interest (IPCEI), and additional support from the Slovak Government.
For more info: www.inobat.eu
Contact: Klara Galuskova