China's Gotion High Tech buys 25% stake in Slovak EV battery startup Inobat

China's Gotion High Tech buys 25% stake in Slovak EV battery startup Inobat

The logo of an electric car is painted on the road during the opening ceremony of the first Latin American public charging station, at Santiago, April 20, 2011. REUTERS/Ivan Alvarado/File photo

Chinese battery maker Gotion High Tech is buying a 25% stake in Slovak battery maker Inobat and will provide supply chain and technology support as the startup scales up production of electric vehicle batteries, the companies said on Thursday.

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