On January 4, Edison announced a strategic investment in InoBat Auto ("InoBat"). The investment will help InoBat complete the construction of a test battery plant at its R&D center in Vodradi, Slovakia, by the end of 2022. In addition to the strategic investment, the two sides will also carry out comprehensive cooperation around the development, production and distribution of electric vehicle battery products, giving full play to their respective resources and industry advantages.
InoBat is a high-quality battery oem enterprise dedicated to research, development, manufacturing and providing customized services, providing OEM processing services for the world's mainstream automotive, commercial vehicle, racing and aviation leading enterprises.
Not only that, But InoBat also has strong financial support, including many investors, technology companies, strategic investors and partners such as Rio Tinto Group, Amara Raja, CEZ, IPM Group, Matador, AEN, CSG and Across.
As a global company focused on technological innovation, Edison has always been committed to driving sustainable transformation and becoming a catalyst for industry innovation. With this strategic investment, Edison will further improve its industrial layout in the field of commercial vehicle electrification, and achieve closed-loop development of upstream and downstream full-link while ensuring the supply of high-quality batteries to reduce supply chain risks. InoBat will also use Edison's global business map to open up more markets and usher in greater business growth.
Currently, InoBat is planning to establish large-scale factories in Europe and several other continents by 2024, laying the foundation for large-scale support and service to the international market.
With the addition of Andy Palmer, former CEO of Aston Martin, former COO and chief planning officer of Nissan and pioneer of Nissan's leaf, InoBat is accelerating the development of its R&D and battery production centers in Europe. The equipment and financial support provided by Rio Tinto and AmaraRaJa in India will also make InoBat hopeful that it will have access to the materials needed for large-scale production of batteries.
"We are always looking for quality battery partners to support our commercial vehicle electrification strategy. Through this strategic partnership, we hope to ensure an adequate supply of high-quality batteries in the future, thereby fulfilling our commitment to accelerate the electrification of zero-emission commercial vehicles," said Robin Mackie, President of Edison Mobility. "With the strong support of Rio Tinto and Amara Raja, we believe InoBat will be able to obtain the materials needed to mass-produce batteries in a short period of time, with sufficient capacity to minimize Edison's supply chain risks." We look forward to working closely with the InoBat team." ”
Marian Bocek, CEO of InoBat Auto, said: "We are proud that InoBat is able to provide innovative solutions for the upstream and downstream of the entire value chain through a 'cradle-to-cradle' management approach. We are excited to partner with Edinoson, which will allow us to increase capacity and have the opportunity to serve the U.S. electric vehicle market while developing commercial EV battery technology."