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Gotion

From Wikipedia, the free encyclopedia

Guoxuan Hi-Tech Co., Ltd.
Native name
国轩高科股份有限公司
IndustryLithium-ion batteries
Founded2006; 20 years ago (2006)
FounderZhen Li
HeadquartersHefei, Anhui, China
RevenueCN¥ 35.4 billion (US$4.9 billion) (2024)
CN¥1.21 billion (US$168 million) (2024)
Owner
Websitewww.gotion.com Edit this at Wikidata

Gotion High Tech, usually known as Gotion, is a manufacturer of lithium-ion batteries headquartered in China. As of 2025, it had a 3.5% market share, making it the world's sixth-biggest battery manufacturer.[1]

Gotion produces both lithium iron phosphate (LFP) and lithium nickel-manganese-cobalt oxide (NMC) batteries.[2] In addition to cells and batteries, the company also produces cathode and anode active material.[3][4] In 2020, the Volkswagen Group acquired a 24% stake in Gotion for $1.1 billion.[5][6]

History

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Gotion was founded as Hefei Guoxuan Hi-Tech Power Energy (later anglicized to Gotion) in 2006[7] in Hefei by Zhen Li. The company struggled financially for several years before the Chinese government began heavily subsidizing the country's lithium-ion battery industry in 2009.[8] In 2015, it listed on the Shenzhen Stock Exchange[9] via a reverse takeover of Jiangsu Dongyuan Electrical Group Co.[10] In 2022, it also listed in Switzerland on SIX Swiss Exchange, raising US$685 million.[11]

Overseas expansion

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Gotion has actively pursued expansion abroad. It currently operates factories in Göttingen, Germany;[12] and Fremont, California.[13] It has also announced factories in Big Rapids, Michigan; Manteno, Illinois;[8] Kenitra, Morocco;[14] and Valladolid, Spain.[15] It has also purchased a 25% stake in InoBat Batteries, a Slovakian battery manufacturer.[5] In 2023, plans to build a plant in Green Charter Township, Michigan, garnered local opposition due to the company's ties to the Chinese Communist Party, leading to a halt of the project and subsequent lawsuits.[16]

Alleged employment discrimination

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In 2025, three of Gotion's employees at its factory in Fremont sued the company for wrongful dismissal and alleged that its leadership had routinely employed Chinese citizens without visas, made racist comments about non-Chinese workers, and harassed employees complaining about safety issues.[13][17]

References

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  1. ↑ Kang, Lei (7 May 2025). "Global EV battery market share in Jan-Mar 2025: CATL 38.3%, BYD 16.7%". CnEVPost. Retrieved 8 August 2025.
  2. ↑ Shen, Jill (20 May 2024). "China's Gotion unveils new batteries, global expansion on track". TechNode. Retrieved 8 August 2025.
  3. ↑ Shepardson, David; Lienert, Paul (5 October 2022). "EV battery makers Gotion, ONE plan new Michigan plants". Reuters. Retrieved 8 August 2025.
  4. ↑ "Gotion launches production of LFP cathode materials". Electrive. 9 June 2022. Retrieved 8 August 2025.
  5. 1 2 Carey, Nick (20 December 2024). "After Northvolt, Europe's battery hopes rely heavily on China". Reuters. Retrieved 8 August 2025.
  6. ↑ Shepherd, Christian (29 May 2020). "VW increases bet on China's slowing electric vehicle market". Financial Times. Retrieved 8 August 2025.
  7. ↑ "Gotion High-tech Co., Ltd". MarkLines Automotive Industry Portal. Retrieved 8 August 2025.
  8. 1 2 "When foreign factories clash with locals". Rest of World. 13 March 2025. Retrieved 8 August 2025.
  9. ↑ "Chinese Power Battery Firm Gotion High-Tech Plans Swiss IPO". Archived from the original on 22 July 2025. Retrieved 8 August 2025.
  10. ↑ "HeFei GuoXuan High-Tech Power Energy CO., Ltd. completed the acquisition of Jiangsu Dongyuan Electrical Group Co., Ltd." marketscreener.com. 15 May 2015. Retrieved 8 August 2025.
  11. ↑ "China battery maker Gotion raises $685 million in Swiss listing". Reuters. 26 July 2022. Retrieved 8 August 2025.
  12. ↑ Murray, Cameron (21 July 2025). "Gotion starts manufacturing 5MWh BESS in Germany following key certifications". Energy-Storage.News. Retrieved 8 August 2025.
  13. 1 2 Baron, Ethan (21 June 2025). "Fremont company accused of employing Chinese workers illegally, discriminating against non-Chinese employees". The Mercury News. Retrieved 8 August 2025.
  14. ↑ Eljechtimi, Ahmed (21 May 2025). "Gotion to begin building Morocco gigafactory 'within days'". Reuters. Retrieved 8 August 2025.
  15. ↑ Werwitzke, Cora (3 July 2026). "Gotion to build battery facilities in Spain next year". Electrive. Retrieved 19 July 2026.
  16. ↑ Samilton, Tracy (13 February 2026). "Chinese company says it won't pay back state grant after plans for battery plant fail". Michigan Public. Retrieved 7 May 2026.
  17. ↑ Maxwell, Leanne (21 June 2025). "Fremont Battery Company Allegedly Brought in Unlicensed Chinese Lawyer, Called US Workers 'Foreigners'". SFist. Archived from the original on 25 July 2025. Retrieved 8 August 2025.
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