The Michigan local media Detroit News reported that the plant will be completed in 2030 and is expected to produce 150,000 tons of battery cathode materials and 50,000 tons of anode materials per year.Gotion Hi-Tech has also become the first Chinese lithium battery company to build a factory...
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 ...
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 ...
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...
The plant, to be located in Kotka, will have an annual capacity of 60,000 tons once the first phase is completed, the Beijing-based company said. Easpring will set up a joint venture with Finnish Battery, which is owned by mining group Finnish Materials, to run the new factory, it sai...
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...
Major Chinese battery material manufacturer EVE Energy has started building a prismatic lithium-iron-phosphate (LFP) battery plant in Mississippi, US. Amplify Cell Technologies (ACT), an independently-operated joint venture invested in by EVE Energy, the US' Electrified Power and PACCAR, as well as...
Reuters: China EV giant BYD plans to build $290 million battery component plant in Chile (JW Insights) Apr 25 -- China’s BYD, the world’s largest electric vehicle (EV) maker, plans to build a $290 million lithium cathode factory in Chile’s northern Antofagasta region, reported Reuters ...
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...
SEOUL (Reuters) -South Korea's LG Chem Ltd has entered a partnership with China's Huayou Group's subsidiary Youshan, it said on Sunday, to build a joint electric vehicle (EV) battery material plant in Morocco to diversify its portfolio. ...