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Gotion

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

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

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] and Kenitra, Morocco.[14] 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.[15]

Alleged employment discrimination

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][16]

References

  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 (2024-05-20). "China's Gotion unveils new batteries, global expansion on track". TechNode. Retrieved 2025-08-08.
  3. ^ Shepardson, David; Lienert, Paul (2022-10-05). "EV battery makers Gotion, ONE plan new Michigan plants". Reuters. Retrieved 2025-08-08.
  4. ^ "Gotion launches production of LFP cathode materials". Electrive. 2022-06-09. Retrieved 2025-08-08.
  5. ^ a b Carey, Nick (2024-12-20). "After Northvolt, Europe's battery hopes rely heavily on China". Reuters. Retrieved 2025-08-08.
  6. ^ Shepherd, Christian (May 29, 2020). "VW increases bet on China's slowing electric vehicle market". Financial Times. Retrieved 2025-08-08.
  7. ^ "Gotion High-tech Co., Ltd". MarkLines Automotive Industry Portal. Retrieved 2025-08-08.
  8. ^ a b "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 2025-07-22. Retrieved 2025-08-08.
  10. ^ "HeFei GuoXuan High-Tech Power Energy CO., Ltd. completed the acquisition of Jiangsu Dongyuan Electrical Group Co., Ltd." marketscreener.com. 2015-05-15. Retrieved 2025-08-08.
  11. ^ "China battery maker Gotion raises $685 million in Swiss listing". Reuters. 2022-07-26. Retrieved 2025-08-08.
  12. ^ Murray, Cameron (2025-07-21). "Gotion starts manufacturing 5MWh BESS in Germany following key certifications". Energy-Storage.News. Retrieved 2025-08-08.
  13. ^ a b Baron, Ethan (2025-06-21). "Fremont company accused of employing Chinese workers illegally, discriminating against non-Chinese employees". The Mercury News. Retrieved 2025-08-08.
  14. ^ Eljechtimi, Ahmed (2025-05-21). "Gotion to begin building Morocco gigafactory 'within days'". Reuters. Retrieved 2025-08-08.
  15. ^ Samilton, Tracy (2026-02-13). "Chinese company says it won't pay back state grant after plans for battery plant fail". Michigan Public. Retrieved 2026-05-07.
  16. ^ Maxwell, Leanne (2025-06-21). "Fremont Battery Company Allegedly Brought in Unlicensed Chinese Lawyer, Called US Workers 'Foreigners'". SFist. Archived from the original on 2025-07-25. Retrieved 2025-08-08.

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