Auto parts supplier Matador joins battery production project

The project should bring in investments of €100 million and hundreds of jobs.

Matador Holding is a premium Slovak supplier of the automotive industry. Matador Holding is a premium Slovak supplier of the automotive industry. (Source: Courtesy of Matador Holding)

Matador, the premium Slovak supplier of the automotive industry, is joining a local battery production project . The company announced on Monday, September 16 an investment in InoBat, which will help the R&D and battery production company revolutionise electro-mobility and energy storage in Europe. They will do so by building a unique combination of R&D centre and production line in the aforementioned sectors. Simultaneously, the companies entered into a strategic alliance for the construction of a 100MWh battery production line, InoBat Auto. It is expected to begin in the first half of 2020, providing the European Union with a proprietary battery solution for electric vehicles by the end of 2021.

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