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25 Sep

Serbia to give InoBat €419m incentive package for battery gigafactory

Serbia will give battery start-up InoBat around €419 million ($443.8m) in incentives for the company to build a battery gigafactory in Cuprija, in central Serbia, Kallanish learns. The “indicative incentive package” was confirmed by InoBat on Monday, when the company announced the location for its gigafactory and recycling project codenamed Lion. The project has been under development with the International Finance Corporation (IFC) for two years…
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