Smart and Sustainable Electric Mobility
Gotion's chairman said the battery maker will set up a project team to communicate with Nio on technologies, and expects to see substantial results from their cooperation soon.
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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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CATL's share of China's EV battery market increased by 5.75 percentage points in February, while BYD's share decreased by 0.82 percentage points.
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CATL's battery installations in January were 20.5 GWh, up 88.1 percent year-on-year, while BYD's were 7.4 GWh, up 34.4 percent year-on-year.
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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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As a comparison, CATL and BYD's shares in 2022 were 36.2 percent and 13.9 percent, respectively.
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CATL's share of China's EV battery market increased by 4.93 percentage points in January from December, while BYD's share decreased by 4.37 percentage points.
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CATL and BYD both saw their share of the Chinese power battery market increase slightly in December.
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CATL's share in the January-November period was higher than the 35.7 percent it achieved in the same period last year, and higher than the 36.9 percent in the January-October period.
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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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