The Czech Republic also discussed the construction of the so-called gigafactory with Volkswagen. However, she stated at the beginning of November that she would not currently decide on other locations for the construction of such a plant in Europe.

In Slovakia, which is the world’s largest car manufacturer per capita, it will be the first gigafactory. The factory will be built on an area of ​​65 hectares in Šurany in the south of Slovakia, and its production capacity in the first phase will reach 20 gigawatt hours (GWh), with the possibility of doubling it later. According to the Ministry of Economy, the investor expects to start production in 2026.

“We hope that in the future Slovakia will be the world leader not only in the production of cars per capita, but also in the production of batteries per capita,” said the chairman of the board of Gotion Hight-Tech Li Chen in a press release.

GIB is a joint venture between the Slovak company InoBat and the Chinese Gotion High-Tech, which is one of the leading battery conglomerates in the world and previously acquired a twenty-five percent stake in InoBat.

InoBat’s media representative, the Europea agency, said that according to the memorandum, the construction of the gigafactory should start as early as next year, and that the government is committed to providing incentives, settling the land, preparing the building plot and ensuring the connection of the site to the electricity grid.

“I am very happy that one of the first investments that we can announce during my tenure will be the construction of a giga-battery factory, which is key to the future of the automotive industry and electromobility not only in Slovakia, but throughout Europe,” said the new Slovakian Minister of Economy, Denisa Saková. Both sides signed the memorandum on Wednesday.

According to Slovak media, the location was offered by the previous government to the German automaker Volkswagen, which already has factories for the production of cars and parts in Slovakia. The Czech Republic has been negotiating a gigafactory with Volkswagen since spring 2021. However, according to the automaker’s November announcement, due to the slower development of electromobility in Europe, there is no reason for the construction of a gigafactory now. The Minister of Industry and Trade Jozef Síkela then said that the Czech Republic is negotiating with five potential investors about the construction of a battery factory for electric cars on its territory.

Slovakia is becoming self-sufficient in electricity production after this year’s start-up of the new unit at the Mochovce nuclear power plant, which has already started at full capacity. The operator of this power plant is working on the completion of the fourth unit.