Gotion Explained

Guoxuan Hi-Tech Co., Ltd.
Native Name:国轩高科股份有限公司
Native Name Lang:zh
Industry:Lithium-ion batteries
Founder:Zhen Li
Hq Location:Hefei, Anhui, China
Revenue: billion (billion)
Revenue Year:2024
Net Income:CN¥1.21 billion (US$168 million)
Net Income Year:2024

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] It is part-owned by the Volkswagen Group, which acquired a 24% stake[2] in 2020 for $1.1 billion.[3]

Gotion produces both lithium iron phosphate (LFP) and lithium nickel-manganese-cobalt oxide (NMC) batteries.[4] In addition to cells and batteries, the company also produces cathode and anode active material.[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. In 2015, it listed on the Shenzhen Stock Exchange[8] via a reverse takeover of Jiangsu Dongyuan Electrical Group Co.[9] In 2022, it also listed in Switzerland on SIX Swiss Exchange, raising US$685 million.[10]

Overseas expansion

Gotion has actively pursued expansion abroad. It currently operates factories in Göttingen, Germany[11] and Fremont, California.[12] It has also announced factories in Big Rapids, Michigan; Manteno, Illinois;[13] and Kenitra, Morocco.[14] It has also purchased a 25% stake in InoBat Batteries, a Slovakian battery manufacturer.

Alleged employment discrimination

In 2025, three of Gotion's employees at its factory in Fremont, California 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.[15]

Notes and References

  1. News: Kang . Lei . Global EV battery market share in Jan-Mar 2025: CATL 38.3%, BYD 16.7% . 8 August 2025 . CnEVPost . 7 May 2025.
  2. News: Carey . Nick . 2024-12-20 . After Northvolt, Europe's battery hopes rely heavily on China . 2025-08-08 . Reuters . en.
  3. Web site: Shepherd . Christian . May 29, 2020 . VW increases bet on China’s slowing electric vehicle market . 2025-08-08 . Financial Times.
  4. Web site: Shen . Jill . 2024-05-20 . China’s Gotion unveils new batteries, global expansion on track . 2025-08-08 . TechNode . en-US.
  5. News: Shepardson . David . Lienert . Paul . 2022-10-05 . EV battery makers Gotion, ONE plan new Michigan plants . 2025-08-08 . Reuters . en.
  6. Web site: 2022-06-09 . Gotion launches production of LFP cathode materials . 2025-08-08 . Electrive . en-US.
  7. Web site: Gotion High-tech Co., Ltd. . 2025-08-08 . MarkLines Automotive Industry Portal.
  8. News: Chinese Power Battery Firm Gotion High-Tech Plans Swiss IPO . https://web.archive.org/web/20250722105345/https://pandaily.com/chinese-power-battery-firm-gotion-high-tech-plans-swiss-ipo/ . 2025-07-22 . 2025-08-08 . en . live .
  9. Web site: 2015-05-15 . HeFei GuoXuan High-Tech Power Energy CO., Ltd. completed the acquisition of Jiangsu Dongyuan Electrical Group Co., Ltd.. . 2025-08-08 . marketscreener.com . en-US.
  10. News: 2022-07-26 . China battery maker Gotion raises $685 million in Swiss listing . 2025-08-08 . Reuters . en.
  11. Web site: Murray . Cameron . 2025-07-21 . Gotion starts manufacturing 5MWh BESS in Germany following key certifications . 2025-08-08 . Energy-Storage.News . en-US.
  12. Web site: Baron . Ethan . 2025-06-21 . Fremont company accused of employing Chinese workers illegally, discriminating against non-Chinese employees . 2025-08-08 . The Mercury News . en-US.
  13. News: When foreign factories clash with locals . 8 August 2025 . Rest of World . 13 March 2025.
  14. News: Eljechtimi . Ahmed . 2025-05-21 . Gotion to begin building Morocco gigafactory 'within days' . 2025-08-08 . Reuters . en.
  15. Web site: Maxwell . Leanne . 2025-06-21 . Fremont Battery Company Allegedly Brought in Unlicensed Chinese Lawyer, Called US Workers ‘Foreigners’ . 2025-08-08 . SFist . en . 2025-07-25 . https://web.archive.org/web/20250725164246/https://sfist.com/2025/06/21/fremont-battery-company-brought-in-unlicensed-chinese-lawyer-called-us-workers-foreigners/ . dead .

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