Reference: 20190639
Release date: 22 April 2020

Promoter – Financial Intermediary

INOBAT JSA,IPM GROUP HOLDINGS LTD,WILDCAT DISCOVERY TECHNOLOGIES INC

Location

Description

The project is to implement and operate a 100 MWh battery manufacturing demonstration line, integrating a proprietary high throughput workflow technology and database experimentation platform, in Slovakia. The facility would mainly serve the CEE-based automotive manufacturers (OEM).

Objectives

The demonstration project aims at the creation of a sustainable, cost-competitive innovative cell and battery production industry in Europe and contributes to the security of supply in critical components (batteries) to the EU industry.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 51 million

Total cost (Approximate amount)

EUR 105 million

Environmental aspects

The project will help create the conditions enabling the deployment of electro-mobility, facilitating the transformation of the automotive industry and, at same time, supporting the development of a more efficient and sustainable transport system in Europe. The project will therefore support EU climate action policy.

Procurement

The promoter has been assessed by the EIB as a private company not subject to EU rules on public procurement or concessions.

Status

Under appraisal - 26/03/2020

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Related tags

Slovakia Industry