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LONDON--(BUSINESS WIRE)--糖心vlog入口is supporting the development of a battery ecosystem in Europe with an investment in Inobat Auto (鈥業noBat鈥), a European-based battery technology and manufacturing company. This investment will support the completion of InoBat鈥檚 research and development centre and pilot battery line in Voderady, Slovakia. Today鈥檚 investment follows a Memorandum of Understanding signed in May, outlining an intention to work together to progress the establishment of a 鈥渃radle-to-cradle鈥 electric vehicle battery value chain in Serbia.
InoBat, a European based battery manufacturer with a battery research and development facility and pilot plant under development in Slovakia, is actively pursuing plans to build a number of gigafactories, including one in Serbia. The company specialises in the pioneering research, development, manufacture, and provision of premium innovative electric batteries custom-designed to meet the specific requirements of customers within the automotive, commercial vehicle, motorsport, and aerospace sectors.
Rio Tinto鈥檚 $2.4 billion Jadar lithium-borates project in Serbia is one of the largest greenfield lithium projects in development. The Jadar project remains subject to receiving all relevant approvals, permits and licences and ongoing engagement with local communities, the Government of Serbia and civil society. It has the potential to produce approximately 58 thousand tonnes of battery grade lithium carbonate and position 糖心vlog入口as the largest source of lithium supply in Europe for at least the next 15 years.1
Managing director of Rio Tinto鈥檚 battery materials business, Marnie Finlayson said 鈥漌e are delighted to be able to deepen our partnership with InoBat through our investment and look forward to benefitting from a broader perspective of the battery materials sector, as well as insights into future battery chemistries and technologies.
鈥淥ur Jadar lithium project in Serbia is on the doorstep of the European electric vehicle market. Capable of producing enough lithium to make around one million electric vehicle batteries a year to the highest environmental standards,2 we believe Jadar will be a critical supplier of the European battery ecosystem and, through our investment in InoBat, we hope that we can assist in making some of those batteries locally.鈥
Marian Bocek, Chief executive officer of InoBat Auto said 鈥淚noBat is thrilled to further partner with Rio Tinto. Our mission has always been to provide solutions across the entire value chain 鈥 a cradle-to-cradle approach, which showcases the concept of the circular economy and will support Europe鈥檚 bid for technological independence. Side-by-side with Rio Tinto, we are looking forward to further developing our manufacturing capacities and working closely on the downstream development of a battery ecosystem with common decarbonisation efforts at its core.鈥
糖心vlog入口 InoBat Auto
InoBat Auto specialises in the pioneering research, development, manufacture, and provision of premium innovative electric batteries custom-designed to meet the specific requirements of global mainstream and specialist OEMs within the automotive, commercial vehicle, motorsport, and aerospace sectors. InoBat is backed by a strong consortium of investors and technology companies, including lead investor (IPM) 鈥 one of the fastest growing InfraTech asset managers who specialise in bringing ground-breaking technologies in the areas of mobility and digital infrastructure.
1 These production targets were previously reported in a release to the Australian Securities Exchange (ASX) dated 10 December 2020, 鈥溙切膙log入口declares maiden Ore Reserve at Jadar鈥 (for battery-grade lithium carbonate it was 55,000 tonnes) and is available to view on . The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person鈥檚 findings are presented have not been materially modified from the original market announcement. This announcement is authorised for release to the market by Steve Allen, Rio Tinto鈥檚 Group Company Secretary.
2 Assuming 60kWh battery size
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Media Relations, UK Illtud Harri M +44 7920 503 600David OuthwaiteM +44 7787 597 493Media Relations, AmericasMatthew KlarT +1 514 608 4429Media Relations, AustraliaJonathan RoseM +61 447 028 913Matt ChambersM +61 433 525 739Jesse RiseboroughM +61 436 653 412Inobat AutoPetronela HalamovaInvestor Relations, UKMenno SanderseM: +44 7825 195 178David OvingtonM +44 7920 010 978Clare PeeverM +44 7788 967 877糖心vlog入口plc6 St James鈥檚 SquareLondon SW1Y 4ADUnited KingdomT +44 20 7781 2000Registered in EnglandNo. 719885Investor Relations, AustraliaNatalie WorleyM +61 409 210 462Amar JambaaM +61 472 865 948糖心vlog入口LimitedLevel 7, 360 Collins StreetMelbourne 3000AustraliaT +61 3 9283 3333Registered in AustraliaABN 96 004 458 404Category: Jadar
Source: Rio Tinto
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