China's Gotion obtains 25% stake in EV battery startup Inobat – report


Inobat said the investment will provide it access to Gotion's research and development

According to a Reuters September 1 report, Chinese battery-maker Gotion High Tech is purchasing a 25% stake in Slovak battery-maker Inobat, and will provide supply chain and technology support as the startup scales up production of electric vehicle batteries, the companies said on August 31 without disclosing terms for the investment or what it means for Inobat's valuation.

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