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.

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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.

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“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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