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.
16. Sep 2019 at 22:37 | Compiled by Spectator staff