Oct 27, 2022 - 04:07 pm

Gotion High-Tech announces plans for two more battery plants

The Chinese battery cell manufacturer and Volkswagen partner Gotion High-Tech is planning two new factories to further expand its production capacities in China. This involves both LFP cells, in which Gotion specializes – but also NMC batteries.

A new plant in Hefei, the capital of China’s Anhui province, is to offer a production capacity of 20 GWh per year for NMC batteries. In addition to cell production, Gotion also plans to ramp up battery module and pack assembly there as part of its total investment of 6.7 billion yuan (about 920 million euros).

Gotion’s other new factory is planned for Liuzhou in the Guangxi Autonomous Region. It will be designed to produce 10 GWh of LFP batteries annually. Some 4.8 billion yuan, or 660 million euros, will be invested there, according to reports. Liuzhou will also be able to process locally produced cells into modules and packs.

The new factories are expected to be ready for production 16 months (Hefei) and 13 months (Liuzhou) after their respective construction starts, although this has not yet been scheduled. In other words, the factories are expected to go into operation in late 2023 and early 2024.

By investing a total of 11.6 billion yuan, or 1.6 billion euros, in both plants, the company aims not only to expand production capacity but also to strengthen its presence in southern China.

Gotion High-Tech is one of the growing players in the EV battery cell market. In the first half of the year, the company reached a production capacity of 5.8 GWh, representing a global market share of 2.9 per cent, up from just 2.1 per cent in the first half of 2021, according to figures from SNE Research. According to other figures from the China Automotive Battery Innovation Alliance (CABIA), which includes only Chinese manufacturers, Gotion came in at No. 4 in September 2022 – with 4.33 per cent market share. Only CATL, BYD and CALB were ahead of Gotion.

cnevpost.com, gasgoo.com


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Found on electrive.com
27.10.2022 16:37