October 3, 2023

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InoBat Auto and Ideanomics reveal plans to build R&D and battery production facilities in Indiana, USA, supported by the State of Indiana


  • InoBat Auto, Ideanomics, and the Condition of Indiana declare formidable EV electrification strategies for the North American market place.

  • In just their strategic partnership, InoBat Automobile and Ideanomics intend to:

  • InoBat is also checking out the probable development of a cell production plant in line with long term offtake agreements.

  • The Point out of Indiana was selected as a primary place for expense because of to its significant focus of OEMs, acceptable company situations for industrial projects and help from the Condition.

  • Detailed programs stick to up on Ideanomics’ strategic expense into InoBat Vehicle from January 2022 to secure foreseeable future battery supply and commercialize regular and tailor-manufactured battery packs for the U.S. industry.

INDIANAPOLIS, June 23, 2022 /PRNewswire/ — InoBat Automobile, the European revolutionary provider of top quality batteries for electric motor vehicles, in cooperation with Ideanomics, a world business focused on accelerating the adoption of professional electric motor vehicles (EV), ideas to embark upon a phased expense project primarily based in Indiana, Usa, in 3 levels. Initial, to open a new R&D and generation facility for battery module and pack assembly with an preliminary annual output ability of 100 MWh. Both of those parties then intention to construct a total industrial-scale battery module and pack assembly plant with an original 2-3 GWh annually generation potential. The very first two phases would be provided by cells from InoBat Auto’s European facilities. Depending on enough and bankable offtake agreements, InoBat Automobile is also checking out the choice to build a tailor-made battery mobile production facility with an original 4 GWh yearly potential.

Ideanomics and InoBat Auto

Ideanomics and InoBat Car

Marian Boček, InoBat Car Main Govt Officer, commented, “I am amazingly fired up to announce our ideas for the new module and pack R&D and manufacturing facility in Indiana, exemplifying the useful synergies and opportunities that our partnership with Ideanomics presents. At InoBat, we give innovation across the total price chain because of to our “cradle to cradle” strategy. Ideanomics has a similar entrepreneurial attitude to our personal in terms of aiming to electrify many mobility segments and is searching to reinvent the sector with ground breaking financing and vitality alternatives to push EV adoption. This announcement is a testomony to our new and thriving romance as well as our main motivation to sustainability. Our existence in Indiana will guarantee we each reach our joint concentrate on of developing fantastic commercializing common and tailor-made battery packs for the U.S. sector.”

InoBat Car and Ideanomics (NASDAQ: IDEX) are expanding the strategic partnership set up in January 2022 to build, make, and distribute integrated battery pack answers for the US market place. InoBat Auto’s cutting-edge R&D functionality and manufacturing model empower the rapid coming up with, engineering and development of bespoke EV battery alternatives that exceed present industry benchmarks and satisfy purchaser demands. InoBat Auto’s 1st-generation NMC 622 pouch mobile attained 25% faster charging from 5-80% capacity, 20% additional cycle daily life, 6% greater capability, 28% much better ability retention at -20°C (-4°F) than the benchmark pouch cells (with very same proportions and weight) from a globally current East Asian battery company. The European corporation is previously offering their 4th technology cells to consumers for vehicle prototyping purposes. These highly developed battery methods will give a significant technological edge for Ideanomics’ car, charging, and strength answers to fulfill fleet operations’ escalating requires for thoroughly clean mobility and infrastructures.

“InoBat’s collaboration with Ideanomics alongside with Indiana’s powerful diplomatic and business romantic relationship with Slovakia show Indiana is the greatest attainable location for InoBat’s initially North American headquarters, manufacturing facility and eventual business-scale battery module and pack assembly plant,” explained Brad Chambers, Indiana Secretary of Commerce. “The Indiana Economic Advancement Company is fully commited to InoBat and Ideanomics and will remain a correct lover by every single phase of this procedure as we appear to establish sites and negotiate a opportunity incentive package.”

Equally InoBat Vehicle and Ideanomics are proud to be supported by the Point out of Indiana, which will supply administrative, advisory, fiscal and website place assistance even though placing the point out in a placement to be a frontrunner for battery enhancement in the US. The stimulation of the neighborhood economic system, solid industrial concentrate and prospective to make Indiana a hub for sustainable mobility produced Indiana a organic in good shape to host the beforehand stated investments and extended-phrase vision of InoBat Auto and Ideanomics.

“This partnership demonstrates our continuing work to make EV the natural mobility successor,” states Alf Lousy, Main Executive Officer at Ideanomics. “It has been our mission to expedite the innovations necessary to accelerate EV adoption. Our partnership with InoBat will secure long run battery source and build a drive multiplier for technologies throughout our functioning corporations. This is a further reflection of our dedication to improve cleanse technological innovation job alternatives in the U.S.”

This commitment could also attract more clean engineering firms to the point out of Indiana, such as investments from InoBat Auto’s C2C (Cradle-to-cradle) benefit chain, this kind of as stationary power storage, battery recycling and creation of battery-quality recycled resources. The events also convey a typical interest in localizing other pertinent suppliers in the proximity of the mentioned long term facilities and improve the use of environmentally friendly electrical energy in their amenities to comply with worldwide Web Zero commitments.

The announcement follows InoBat Auto’s recent professional agreement with Lilium, the developer of the to start with all-electric powered vertical consider-off jet, turning out to be their exceptional battery provider. Both equally bulletins proof InoBat Auto’s ambition to give condition-of-the-art conventional and tailor-created batteries, pushing the boundaries of the world sustainability sector.

About InoBat

InoBat specializes in groundbreaking investigation, advancement, manufacture, source, recycling, and best cautious disposal of progressive electric powered batteries custom made-created to meet the certain demands of international mainstream and professional OEMs inside the automotive, business vehicle, motorsport, and aerospace sectors.

InoBat presents ground breaking options throughout the whole price chain thanks to its “cradle-to-cradle” tactic, which showcases the concept of a round overall economy. InoBat is backed by a powerful consortium of strategic traders and partners this sort of as Rio Tinto, Amara Raja, Ideanomics, IFC, IPM Team, Matador, AEN, CSG and Throughout.

A European-centered battery producer, InoBat now has a battery investigate and progress facility and pilot line beneath growth in Slovakia. InoBat has also been approved for grant funding less than the EU sponsored programme, Essential Jobs for Typical European Fascination, and currently received a grant from the Slovak Governing administration.

For far more data and information on InoBat, be sure to go to https://inobatauto.eu.

About Ideanomics

Ideanomics (NASDAQ” IDEX) is a world-wide team with a basic mission: to accelerate the professional adoption of electric powered autos. By bringing together automobiles and charging technology with style and design, implementation, and economic products and services, we offer methods for the industrial entire world to commit to an EV potential. To preserve up with Ideanomics, remember to adhere to the enterprise on social @ideanomicshq or take a look at: https://ideanomics.com.


InoBat Automobile
Gary Haddon

Katarina Stryckova

Zoë Watt, Teneo for InoBat Car

Ideanomics, Inc.
Tony Sklar, SVP of Trader Relations
1441 Broadway, Suite 5116, New York, NY 10018  

Malory Van Guilder, Skyya PR for Ideanomics



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