The Slovak state fund has imposed a €500,000 fine on battery manufacturer InoBat for breaching an investment agreement, the details of which remain undisclosed. Simultaneously, the government approved an additional €145 million in funding for an industrial park in Šurany, where InoBat is constructing a battery plant in partnership with Gotion. The fine relates to a factory in Voderady, near Trnava, stemming from a violation of the original contract. Despite the penalty, the substantial new investment signals continued state support for the project. This move has raised questions regarding the government’s approach to enforcing investment agreements while simultaneously providing significant financial backing. The industrial park is intended to support the battery production facility and related industries. The contrasting actions highlight a complex relationship between the state and the company.
