Through its American subsidiary, Chinese power battery manufacturer Gotion Hi-Tech(国轩高科) will invest approximately $2.364 billion in a battery manufacturing plant in Big Rapids, Michigan. This will be the largest economic development project ever undertaken in northern Michigan that will create 2,...
China’s leading battery maker Gotion High-tech reportedly plans to set up a plant in Michigan, U.S. with $3.6 billion By Greg Gao Chinese EV battery giant Gotion High-tech(国轩高科)’s U.S. subsidiary Gotion Inc is planning to establish a plant in Michigan that could draw up to $3...
BEIJING, October 7 (TMTPOST)— Chinese electric-vehicle battery maker Gotion High-Tech Co. Ltd. (Gotion) plans to invest $2.36 billion in building a battery material plant in Michigan, Governor Gretchen Whitmer said Wednesday, local time. Gotion won state government support against the backdrop ...
In February, Ford announced that it will cooperate with CATL to invest $3.5 billion to build a battery plant using CATL's technologies. Production is expected to start in 2026. The automaker said it is still waiting for guidance from the US Department of the Treasury to ensure that the part...
s largest battery producer, is partnering with Ford to provide technology for the US auto giant's $3.5 billion battery plant. Envision AESC, an EV battery maker under Chinese green energy firm Envision Group, started building a plant in South Carolina in June that will start production in ...
s largest battery producer, is partnering with Ford to provide technology for the US auto giant's $3.5 billion battery plant. Envision AESC, an EV battery maker under Chinese green energy firm Envision Group, started building a plant in South Carolina in June that will start production in ...
WASHINGTON (Reuters) - Senator Marco Rubio on Tuesday asked the Biden administration to review Ford Motor's deal to use technology from Chinese battery company CATL as part of the automaker's plan to spend $3.5 billion to build a battery plant in Michigan. Rubio, th...
not been finalized. According to previous information on the official website of the Illinois government, the expected investment is approximately $2 billion. This marks Gotion High-Tech’s second investment in the United States, following the $2.4 billion plan for a battery factory in Michigan. ...
Gotion, backed by Volkswagen China as the largest shareholder, has just settled its new plant in Michigan last year. The company announced in October 2022 that it will invest $2.36 billion to set up a plant and create 2,350 local jobs in Big Rapids, Michigan. The facility is expected to...
"By establishing this cylindrical battery manufacturing plant in Malaysia, we demonstrate our commitment to competitiveness in the international market," she noted, according to the Xinhua report. (Yuan XY/Gao J)