- GUS Technology will manufacture InoBat-designed batteries at its new serial production facility in Taiwan
- InoBat will use GUS Technology production to fulfil demand ahead of InoBat’s facility in Voderady, Slovakia becoming fully operational
- The agreement supports InoBat’s ambitions in Asian-Pacific markets and provides GUS Technology with access to Europe through InoBat’s existing relationships
Bratislava, 20th October 2022: InoBat Auto (“InoBat”), the European pioneer of premium electric vehicle battery R&D, engineering, production and recycling, has agreed that GUS Technology (GUS), a lithium-ion battery manufacturer based in Taiwan, will produce and deliver batteries to help meet forecasted demand. GUS will manufacture InoBat’s innovative batteries at its new serial production facility, which is scheduled for 1GWH operation in Q4 2023. The agreement will fulfil offtake demand for InoBat’s batteries ahead of its Slovakian facility reaching full operational capacity.
InoBat’s bespoke batteries are tailor-made to serve each customer’s individual needs and GUS‘ specialisation in NCM and LTO cells, which are scalable to various dimensions, is ideally aligned to this offering. Both companies hold sustainability at the core of their outlook and operating processes.
As well as enabling InoBat to meet demand, the agreement with GUS will also support InoBat’s ambitions in the Asian Pacific battery market, which is projected to grow significantly across the next decade. GUS has the capability to support InoBAT, particularly from its base in Taiwan and connections in Asia Paficic. InoBat will help open up European markets to GUS, particularly in its Energy Stationary Storage and AGV product lines.
InoBat will welcome GUS staff to its production facility in Slovakia during the production line commissioning in 2023 as part of a knowledge sharing and relationship building programme.
Marian Bocek, CEO of InoBat commented: “I’m delighted to be partnering with GUS. Like InoBat, GUS are pioneers in battery technology and share a similar sustainability ethos. Our mutually beneficial agreement will see GUS produce InoBat batteries to fulfil our growing demand while providing us with access to the critical Asia Pacific market and GUS access to the European market. This partnership will support our production facility in Slovakia as it grows in capacity as well as our recently announced site in Indiana, USA and our next site in Europe.”
C.C. Chang, CEO of GUS Technology said “I am excited at this strategic cooperation. For GUS, with our expertise and technology in the production of pouch cell for high-end battery. We are looking forward to work with the market leading innovators like InoBat, exploring more possible energy solutions with high security to the market. Taiwan has the strategic position in global technology ecosystem. We would like to work with InoBat and create the agility to response the customer demand from global perspective.”
NOTES TO EDITORS
InoBat specialises in pioneering research, development, manufacture, supply, recycling, and ultimate careful disposal of innovative electric batteries custom-designed to meet the specific requirements of global mainstream and specialist OEMs within the automotive, commercial vehicle, motorsport, and aerospace sectors.
InoBat provides innovative solutions across the entire value chain thanks to its “cradle-to-cradle” approach, which showcases the concept of a circular economy. InoBat is backed by a strong consortium of strategic investors and partners such as Rio Tinto, Amara Raja, Ideanomics, IFC, CEZ, IPM Group, Matador, AEN, CSG and Across.
A European-based battery manufacturer, InoBat already has a battery research and development facility and pilot line under development in Slovakia. InoBat has also been approved for grant financing under the EU sponsored programme, Important Projects for Common European Interest, and already received a grant from the Slovak Government.
For more information and news on InoBat, please visit https://inobatauto.eu
About GUS Technology
Establishing in 2017, GUS Technology is an innovative lithium-ion battery manufacturing company specialized in pouch cell manufacturing in Taiwan with the R&D resources throughout the Asia Pacific. GUS is currently supplying LTO cells to notable Asia Pacific customers with its turn-key solutions from the product design to production.
GUS manufactures pouch cells, modules, and customized battery packs, which are suitable for EVs and household Energy Storage Systems (ESS) applications in an environmentally friendly approach.
For more information and news on GUS Technology, please visit: www.gustech.com
Katarina Stryckova and Gary Haddon, InoBat Auto