Dr. Palmer to drive forward development of world’s first intelligent battery production centre
Highlights
- Dr. Palmer brings deep understanding of the automotive industry to electric vehicle battery producer located in the heart of Europe
- Dr. Palmer will advise and support InoBat as they begin construction of the first-of-its-kind battery research and development (R&D) centre and production facility
- InoBat will be the first to develop and produce intelligent batteries – batteries developed through artificial intelligence (AI) processes
- Gigafactory to be built by 2024 to serve the European market from the heart of Europe at scale
- Appointment comes ahead of another major company announcement scheduled for 9 October 2020…
[XX October 2020, London / Bratislava]: InoBat Auto, (InoBat) the world’s first battery company to develop intelligent batteries customised for any electric vehicle has today announced the appointment of Dr. Andrew Palmer CMG as Non-Executive Vice Chairman.
The former Aston Martin CEO and COO of Nissan, brings over 41 years of automotive and manufacturing experience, as well as his passion for electrification to drive InoBat forward on the next phase of their mission.
InoBat is developing a world-first AI driven battery research centre and production line in the heart of Europe, which will begin producing its first intelligent batteries in 2021. This advanced technology-led approach will enable InoBat to commercialise battery cells 10 times faster than its competitors, while also enabling batteries to be customised to the specification of any vehicle, a necessary requirement in the constantly evolving automotive industry.
The EUR 100 million 100 MWh R&D centre and production line, will be followed by a 10GWh Gigafactory in 2024 which will serve the European electric vehicle market with innovative and optimised batteries at scale. Dr. Palmer, who was instrumental in bringing the first modern day EV, the Nissan LEAF, to market, will bring his extensive knowledge of building electric vehicle factories to these projects.
This appointment comes at a crucial time for InoBat, who are due to make another major company announcement on 9 October 2020.
Commenting on his new appointment, Non-Executive Vice Chairman of InoBat Auto, Dr. Andrew Palmer said:
“I am excited to join Inobat at such a pivotal moment for the company. The vision is now becoming a reality as the construction of their world-first AI driven battery research centre is about to commence. I have a deep interest in InoBat’s unique technological and scientific approach to building intelligent batteries which can be customised to the specifications of any electric vehicle. This is a world-first in the industry and I am looking forward to bringing my passion for the electrification of transport to this role.”
Dr. Palmer has also recently been appointed Non-Executive Chairman of Optare, the world’s third largest bus company responsible for building the UK’s first electric bus; another testament of his commitment to driving the electrification of transport.
Marian Bocek, Co-Founder and CEO of InoBat Auto commented: “We are delighted to welcome Dr. Palmer as our Non-Executive Vice Chairman. He brings invaluable insights and expertise from his previous OEM leadership roles which will support us on our electrification mission. His first-hand experience building factories specialising in electric cars will be instrumental as we commence the construction of the world’s first AI driven battery R&D and production facility in the heart of Europe.”
Marian Bocek added: “This appointment follows the recent announcement of Faysal Sohail, Silicon Valley Executive and Venture Capitalist as Executive Chairman of InoBat Auto. I am confident that Mr Sohail’s deep technology and clean energy Silicon Valley experience will complement Dr. Palmer’s fresh OEM insights to cement InoBat’s position on the world stage as the best and most efficient battery producer.”
InoBat Auto aims to accelerate the rapid implementation of electro-mobility solutions in Europe by developing a fully integrated value chain, which will increase the global competitiveness of the European economy and provide a long-term sustainable solution to the automotive market.
InoBat is backed by a strong consortium of investors and technology companies, including lead investor IPM Group (IPM) – the fastest growing InfraTech asset managers who specialise in bringing ground-breaking technologies to Europe – strategic investors and partners include CEZ, Matador, AEN, MSM Group, Across, and Wildcat Discovery Technologies.