Gotion High-Tech, a Chinese battery conglomerate, acquired a 25% stake in InoBat, a Slovakian battery company. Inobat specializes in high-performance NMC batteries with its proprietary C2C circular value-chain development platform.
Mr. Li Zhen, founding Chairman and CEO of Gotion High-Tech, said, “It is my earnest desire that Gotion High-tech, alongside InoBat, extends the reach of its batteries worldwide. Moreover, I hope that Gotion High-tech can foster collaborations not only with InoBat but also with other renowned enterprises in Europe and across the globe. Through our joint efforts, we aim to develop and manufacture batteries that will find their way into countless households in Europe. We strive to play a pivotal role in achieving the continent’s carbon neutrality goals by 2050.”
The partnership, called Gotion-InoBat-Batteries (GIB), will provide a novel development approach and create localized battery value chains for their customers, with an initial focus on the CEE locations and Morocco to create green battery materials.
Mr. Marian Bocek, Co-founder and CEO of InoBat added, “We are thrilled about GIB. Our partnership with Gotion High Tech heralds a new era in significant value creation through collaborative win-win alliances, helping to close the gap between Asian battery leaders and the rest of the world. GIB will unlock the full potential of Europe and our neighbors in the EMEA region in delivering localized Net Zero closed-loop circular battery value chains for e-mobility as well as superior energy storage solutions. GIB will nurture and grow InoBat‘s strategic premise and ethos for customized bespoke R&D to deliver safe high-performance batteries and green energy solutions”.
According to Mercom’s 1H and Q2 2023 Funding and M&A Report for Storage & Smart Grid, In 1H 2023, eight (one disclosed) Energy Storage M&A transactions were completed, compared to 13 deals (six disclosed) in 1H 2022.
Recently, Group14 Technologies, a manufacturer of silicon battery technology, acquired Schmid Silicon Technology Holding, a silane producer based in Europe, for an undisclosed amount to meet the growing demand for silicon battery technology worldwide.