The combined investment in the two battery plants is 2.514 billion euros ($2.6 billion), both with an annual capacity of 20 GWh.
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Category: Gotion Global
Gotion’s battery project in Morocco gets $280 million investment from local firm CDG
CDG plans to invest 300 million euros ($280 million) in the first phase of Gotion's Moroccan project and support its operations.
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Gotion to build $1.3 billion EV battery plant in Morocco
The Moroccan government signed an investment agreement with Gotion for the gigafactory with initial battery capacity of 20 GWh.
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Chinese battery maker Gotion plans to build energy storage plants in Spain
Gotion has signed a new cooperation agreement to work with two partners on energy storage and new material development in Spain.
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Gotion to develop energy storage plants with Japan’s Daiwa Energy
A total of 1 GWh of energy storage battery products are expected to be introduced into Japan over the next 2 years, Gotion said.
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Battery maker Gotion plans to set up low-carbon tech institute in HK
Gotion plans to set up the institute with Hong Kong-listed Envision to conduct research on battery energy storage system technologies and business models.
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China’s Gotion sees its 1st US-made battery pack roll off line
Located in the Silicon Valley area, the plant is Gotion's first US battery pack production line, targeting the Americas energy storage system market.
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Gotion’s Thailand JV sees 1st battery pack roll off line
Gotion's joint venture plant in Thailand has a planned capacity of 2 GWh of battery packs per year for the first phase, which will be expanded to 8 GWh in the future.
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Chinese battery maker Gotion partners with UK charging operator Pod Point to tap energy storage market
Gotion will support Pod Point with energy storage systems and battery cells based on its lithium iron phosphate battery product development, design and manufacturing capabilities.
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VW-backed Gotion sees German battery plant go into production
Gotion's German battery plant is expected to be ready to supply European customers from October and could reach a real-world capacity of 5 GWh by mid-2024.
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