Chinese battery maker Gotion High Tech stated it plans to find one-third of its manufacturing capability exterior China by 2025 to satisfy the rising demand from abroad EV makers and vitality storage family shoppers.
The firm, primarily based in Hefei in Anhui province, stated in an announcement Tuesday that it plans to construct a complete battery manufacturing capability of 300 gigawatt hours (GWh) in three years, reiterating a aim it first introduced final 12 months. In 2021, Gotion produced 16 GWh.
The firm stated 100 GWh of its deliberate whole capability could be positioned abroad.
Chinese battery makers are accelerating increasing manufacturing in abroad markets the place rivals comparable to Panasonic and LG Energy Solution are extra dominant.
Gotion’s transfer additionally follows that of its Chinese competitor CATL, the world’s largest battery big, which goals to start out cell manufacturing at its German plant by the top of the 12 months. CATL’s chairman Zeng Yuqun stated earlier additionally it is exploring prospects to localize manufacturing for abroad automakers of their international locations.
Gotion, which counts Volkswagen as its largest single investor, stated it should begin constructing its first abroad battery plant in Gottingen, Germany by the top of this 12 months and goals to start out manufacturing subsequent September.
The plant, which will probably be upgraded from an previous facility Gotion purchased from Bosch final 12 months, will develop and manufacture batteries for makes use of in EVs and vitality storage in Europe.
The firm additionally unveiled its first sequence of vitality storage merchandise for abroad markets on Monday.
Gotion, the fourth largest EV battery maker in China by gross sales quantity, provides its lithium-iron phosphate batteries to carmakers together with Volkswagen and Tata Group.