Slovakia will produce accumulators for electric cars

The investment should reach €100 million.

Illustrative stock photoIllustrative stock photo (Source: Sme/Ján Krošlák)

A new plant producing batteries for e-cars should emerge in Slovakia in the second quarter of 2020.

The Slovak company InoBat signed a contract with American company Wildcat Discovery Technologies (WDT) concerning cooperation on development and production of accumulators for the automotive industry.

The investment should reach €100 million, including investment into development and costs of the construction of production line, the SITA newswire reported.

The production of accumulators will be launched at the end of 2021.

“New strategic cooperation with Wildcat Discovery Technologies, whose clients include Apple, Samsung and BMW, for example, will allow us to build a vertically integrated supply chain, starting with research and development and ending with production,” SITA quoted Marián Boček of InoBat as saying.

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