European pioneering supplier of premium batteries for electric vehicles InoBat and innovative manufacturer of batteries and energy storage solutions in China Hefei Gotion High Tech Power Energy have signed a Memorandum of Understanding to explore Joint Venture opportunities in revolutionising EV battery and energy storage technologies.With technical superiority, complementary capabilities and a shared sustainability ethos, InoBat and Gotion will look at ways to work together on several key common topics of interest, such as:1. Co-development of a JV gigafactory with cell and pack production capacity of 40 GWh to support EV applications, with the CEE region being one of the regions under consideration2. Technical cooperation based on both sides respective advantages of LFP and NMC batteries3. Co-develop the potential for ESS battery production at existing InoBat premises in Slovakia allowing fast access to the European market4. Technology and commercial partnership in facility operations5. Investigation of recycling concepts for production scraps and end of life batteriesThe strategic agreement will see InoBat benefit from Gotion’s expertise in electric storage solutions whilst Gotion will benefit from InoBat’s existing manufacturing sites and expansive market connections in Europe. While InoBat and Gotion will maintain their independent businesses and chemistries, by working together in mutually beneficial areas, both companies aim to devise new and exciting technologies to accelerate the global charge towards a green energy future.