InoBat Auto Inks LoI with Spain for EV Battery Plant

European pioneer of premium electric vehicle battery R&D, engineering, production and recycling InoBat Auto has signed protocols and declarations of intent with the Spanish authorities for the construction of a new production facility in Valladolid, Spain. While the declaration of intent is not a finalised agreement and other locations remain under consideration, Valladolid’s wealth of talent, access to renewable energy, proximity to other OEMs and strong transport links make it a very attractive location for InoBat’s next facility. The signing of protocols and declarations of intent with Valladolid City Council, Junta de Castilla y León, and the Ministry of Industry will ensure that, if Spain is selected, InoBat will have the necessary permits and governmental support to progress the project at pace. This signing presents a significant opportunity for InoBat’s expansion and a key next step in the company’s plans to create a network of EV battery production plants across the globe. When the decision on InoBat’s gigafactory location in Western Europe is finalised, this facility will complement InoBat’s current plant in Voderady, Slovakia and recently announced site in Indiana, USA. All these locations, both confirmed and under consideration, are attractive due to key characteristics such as their access to renewable energy, future customers, and skilled labour.

InoBat Auto Inks LoI with Spain for EV Battery Plant

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