How much money does Slovakia invest in electromobility?
It is worth EUR 1.2 billion and it focuses on battery production. Slovakia secured another significant investment on electromobility. A joint undertaking of the Chinese Group Gotion and the Slovak Company InoBat plans to construct a battery production plant for electric vehicles in the Lower Nitra Region.
What is the Slovak Battery Alliance?
Topics from the energy sector clearly promoted battery storage as a necessity for industry and independent energy solutions based mainly on renewable energy sources. The Slovak Battery Alliance (SBaA) is an independent advocacy group.
What projects will be supported in the battery industry?
Initiatives aimed at improving the adaptability and flexibility of production processes in battery manufacturing will also be supported. In addition, projects demonstrating cost-effective, safe, and sustainable production of battery metals, precursors and active electrode materials will be eligible.
Why has Brussels stepped up its support for industrial battery production?
In a context of increasing global competition and urgent climate challenges, Brussels has stepped up its support for technological innovation and industrial battery production, aiming to reduce its reliance on third countries and to ensure the stability of the European energy system.
Why is the battery industry struggling in Europe?
Despite the momentum the battery sector is gaining in Europe, there remains a certain dependency on third countries for raw materials, as well as challenges such as regulatory fragmentation, high energy and labour costs, a shortage of skilled battery manufacturing workers, and considerable business uncertainty.
What is the European Battery Alliance?
Its aim is to participate in the battery value chain in Europe. The Alliance was established in and has received with the bronze European Cluster Management Excellence Label, which is awarded by the European Secretariat for Cluster Analysis. It is a member of the European Battery Alliance.
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