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    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