Slovakia’s electric vehicle battery manufacturer InoBat Auto has signed protocols and declarations of intent with the Spanish government for the construction of a new production facility in Valladolid, Spain.
The company stated that the declaration of intent is not a finalised agreement and other sites remain under consideration, including the UK, reported Reuters.
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It plans to take a decision on the location before the end of this year.
Valladolid is under consideration due to its talent, access to renewable energy, closeness to other OEMs and transport links.
With the signing of protocols and declarations of intent, the company will have the required permits and governmental backing to advance the project if Valladolid is chosen as the location.
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The Spanish Industry Ministry stated that the plant is expected to be built with an investment of $2.9bn and would create around 2,000 jobs.
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By GlobalDataInoBat already operates a plant in Spain and has announced a plan to build another plant in Indiana, US.
InoBat Auto chief executive officer Marian Boček said: “I am incredibly grateful to the Spanish authorities, both at regional and national level, for their support for InoBat’s next stage of growth. Valladolid is an ideal prospective location for our next facility – it is the beating heart of Spain’s automotive and engineering sectors and has extremely competitive access to suppliers, customers and, most importantly, EV talent.
“People will always be our most important asset and proximity to Europe’s leading engineers, chemists and technologists will be key in deciding the location of our next site. I’m incredibly pleased with how far InoBat has progressed in three short years and our next site will be a significant milestone in our development as we continue on our exciting journey towards a net zero future.”
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Image: InoBat Auto is Slovakia’s electric vehicle battery manufacturer. Credit: (Joenomias) Menno de Jong from Pixabay.
