gigafactory

Who is building a gigafactory of batteries for electric cars in Serbia and what does it have to do with Rio Tinto?

Inobat, a company based in Slovakia, announced the day before yesterday that it will build a so-called giga-factory for the production and recycling of electric car batteries in Serbia, in Ćuprija, after a Memorandum of Understanding was signed between this company, IFC (International Finance Corporation, which is part of the World Bank), the city of Ćuprija and the Ministry of Finance. This news went rather unnoticed, without publication on the Government's website, although the Inobat website also mentions the statement…