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fox e-mobility wins leading European battery company, InoBat Auto, as technology partner for the new MIA 2.0 electric car

·4-min read

DGAP-News: fox e-mobility AG / Key word(s): Alliance/Contract
01.06.2021 / 07:35
The issuer is solely responsible for the content of this announcement.

fox e-mobility wins leading European battery company, InoBat Auto, as technology partner for the new MIA 2.0 electric car

Munich/Bratislava, 1 June 2021. fox e-mobility AG (ISIN: DE000A2NB551), a European electric vehicle company that specializes exclusively in the production, marketing and development of compact electric cars in the lower price segment for individual passenger transport and logistical applications, has partnered with InoBat Auto j.s.a., Bratislava ("InoBat"), one of the most innovative and technologically leading battery R&D and manufacturers in Europe, for the new MIA 2.0 electric car. fox e-mobility is the only listed, independent e-mobility company in Europe.

Fox has signed a letter of intent with InoBat (www.inobatauto.eu) for extensive cooperation in development, production, and battery design. This ensures long-term battery supply for the next generation of compact and versatile e-cars based on lithium-ion technology.

The agreement includes an extensive collaboration about development, production, and battery design. The cooperation also includes the delivery of an integrated battery solution that includes cells, modules and complete battery sets. In addition, the two companies intend to work together in the areas of research, development of battery management systems and heat management based on newest lithium-ion technology cells, considering worldwide (e.g. European, Asian) regulations and standards.

As part of this long-term cooperation, fox e-mobility AG will provide InoBat with the necessary engineering data, design information, operational specifications, and the MIA 2.0 architecture, including prototypes and the vehicle system software.

Beyond cell development, InoBat will also provide the engineering data and expertise for the complete battery system. The new battery solutions for this cooperation are representing state-of-the-art technology, which will be tailor-made for the needs of MIA 2.0.

Dr. Christian Jung CTO fox e-mobility AG emphasizes: "We are pleased to have won InoBat Auto, a highly competent, respected and leading technology partner for our new generation of electric cars. The cooperation with InoBat and their high-performance battery concepts are a milestone in preparation for the market launch of our MIA 2.0."

CEO of InoBat Auto Marian Bocek said: "Our cooperation with fox e-mobility AG marks another important milestone in InoBat's aim to support Europe-based value chain and technological independence. Thanks to our proprietary R&D, we are well-positioned to provide appropriate resources and expertise to fox e-mobility to secure development and supply of premium customized battery cells technology for the coming generation of e-cars."


About fox e-mobility AG
fox e-mobility AG is a European electric vehicle company that specializes in the production, marketing and further development of compact electric cars in the lower price segment for both, individual passenger transport as well as logistical applications. The new MIA 2.0 model series is to be manufactured in Europe in cooperation with well-known suppliers to the electrical and automotive industries. The management team consists of seasoned managers and engineers from the world's largest automotive groups who have in-depth expertise and a comprehensive network for electro-mobility.
For more information, please visit http://www.fox-em.com.

Press contact Automotive
Dr. Walter Glogauer
fox e-mobility AG
Phone +49 8806 95 483
Email w.glogauer@glogauer.de

General Press contact
Jan Hutterer
Kirchhoff Consult AG
Phone +49 40 60 91 86 65
Email fox@kirchhoff.de

Contact
ir@fox-em.com


01.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

fox e-mobility AG

Barerstraße 7 c/o SMC

80333 München

Germany

Internet:

www.fox-em.com

ISIN:

DE000A2NB551

WKN:

A2NB55

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg

EQS News ID:

1202835


 

End of News

DGAP News Service

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