InoBat Auto specialises in the manufacture of batteries

The Ministry of Industry signs a collaboration protocol with InoBat Auto to promote Spain for its location

News - 2022.10.17

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Yesterday afternoon, the Minister for Industry, Trade and Tourism, Reyes Maroto, signed a collaboration protocol with the company InoBat Auto, which specialises in the research, development, manufacture and recycling of batteries with the long-term objective of providing new energy solutions to global markets. This agreement comes in the context of the selection process that the Slovak company is carrying out to choose the site for its new mega-factory in Europe, for which an investment of €3 billion and the creation of more than 2,000 direct jobs is foreseen.

The company is considering several candidates for the choice of location, including Spain, and more specifically the city of Valladolid, selected thanks to its extraordinary position in the sector and its unbeatable geostrategic location.

The Minister for Industry considers that "this agreement facilitates the arrival of new investments linked to the manufacture of batteries, which are necessary to move towards a new electric and connected mobility. The choice of the city of Valladolid as one of the possible locations selected by InoBat Auto, which specialises in the R&D and production of batteries for electric vehicles, represents a firm commitment to our country as an electromobility hub in Europe. We welcome InoBat as a new industrial player in the automotive sector and hope that this collaboration protocol will tip the balance in favour of Spain, whose firm commitment to the electrification of the automotive industry and the promotion of all kinds of initiatives to support industrial investment based on innovation and sustainability undoubtedly place us in the best position to host the InoBat project".

The signed agreement focuses on the collaboration between the Ministry of Industry and the company InoBat Auto for advice and financial support to help promote industrial investments in the field of batteries, foster industrial development, strengthen industrial competitiveness and increase industrial capacities in Spain.

The signing of the protocol shows the unequivocal will of the Government of Spain to support the project in a decisive manner, and is the last step, together with the signing of similar protocols with both the City Council of Valladolid and the Regional Government of Castilla y León, before the Slovak company announces its decision as to the site chosen to locate its new mega-factory in Europe in the next few days.

This collaboration protocol has been signed following the arrival of the Anglo-Indian multinational Switch Mobility in the city of Valladolid, which will manufacture electric buses. InoBat would strengthen one of the largest automotive clusters in Spain in Castilla y León, with the presence of multinational car and truck manufacturers such as Renault, Iveco and Nissan, and an excellent network of suppliers such as Gestamp, Grupo Antolín, Faurecia, Ficosa and Michelin.

Non official translation