A Partnership Between InoBat Auto and Ideanomics will Advance EV Battery R&D and Production
InoBat Auto, a European pioneering supplier of premium batteries for electric vehicles (EV), has announced plans for a phased investment project based in Indiana. The project will be achieved in cooperation with Ideanomics, a global company focused on accelerating the adoption of commercial EVs.
The multi-phase project will have three distinct stages. First, they will open a new R&D and production facility for battery module and pack assembly with an initial annual production capacity of 100 MWh. Then each company will aim to construct a full commercial-scale battery module and pack assembly plant with an initial 2-3 GWh yearly production capacity.
The first two phases would be supplied by cells from InoBat Auto’s European facilities. The company is also exploring the option to construct a tailor-made battery cell production facility with an initial 4 GWh annual capacity.
The goal is to develop, produce, and distribute integrated battery pack solutions for the US market. The strategic partnership was established in January 2022 in an effort to expedite the innovations needed to accelerate EV adoption. InoBat Auto’s first-generation NMC 622 pouch cell achieves quicker charging, extra life cycle, higher capacity, and better capacity retention that the benchmark pouch cells. This technology will benefit Ideanomics, creating a significant technological edge for Ideanomics’ vehicle, charging, and energy solutions to meet fleet operations’ growing needs for clean mobility and infrastructures.
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