# Gotion

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{{Short description|Chinese battery manufacturer}}
{{Infobox company
| name = Guoxuan Hi-Tech Co., Ltd.
| native_name = 国轩高科股份有限公司
| native_name_lang = zh
| traded_as = {{Unbulleted list
  | {{SZSE|002074}}
  | {{SWX|GOTION}}
}}
| industry = [Lithium-ion batteries](/source/Lithium-ion_battery)
| founded = {{Start date and age|2006}}
| founder = Zhen Li
| hq_location = [Hefei](/source/Hefei), Anhui, China
| revenue = {{currency|35.4|CNY}} billion ({{currency|4.9|USD}} billion)
| revenue_year = 2024
| net_income = CN¥1.21 billion (US$168 million)
| net_income_year = 2024
| owner = {{Unbulleted list|[Volkswagen Group](/source/Volkswagen_Group) (24%)}}
| website = {{Official URL}}
}}

'''Gotion High Tech''', usually known as '''Gotion''', is a manufacturer of [lithium-ion batteries](/source/Lithium-ion_battery) headquartered in China. As of 2025, it had a 3.5% market share, making it the world's sixth-biggest battery manufacturer.<ref>{{cite news |last1=Kang |first1=Lei |title=Global EV battery market share in Jan-Mar 2025: CATL 38.3%, BYD 16.7% |url=https://cnevpost.com/2025/05/07/global-ev-battery-market-share-jan-mar-2025/ |access-date=8 August 2025 |work=CnEVPost |date=7 May 2025}}</ref>

Gotion produces both [lithium iron phosphate (LFP)](/source/Lithium_iron_phosphate_battery) and [lithium nickel-manganese-cobalt oxide (NMC)](/source/Lithium_nickel_manganese_cobalt_oxides) batteries.<ref>{{Cite web |last=Shen |first=Jill |date=2024-05-20 |title=China's Gotion unveils new batteries, global expansion on track |url=http://technode.com/2024/05/20/chinas-gotion-unveils-new-batteries-global-expansion-on-track/ |access-date=2025-08-08 |website=TechNode |language=en-US}}</ref> In addition to cells and batteries, the company also produces cathode and anode active material.<ref>{{Cite news |last1=Shepardson |first1=David |last2=Lienert |first2=Paul |date=2022-10-05 |title=EV battery makers Gotion, ONE plan new Michigan plants |url=https://www.reuters.com/business/autos-transportation/ev-battery-makers-gotion-one-plan-new-michigan-plants-2022-10-05/ |access-date=2025-08-08 |work=Reuters |language=en}}</ref><ref>{{Cite web |date=2022-06-09 |title=Gotion launches production of LFP cathode materials |url=https://www.electrive.com/2022/06/09/gotion-launches-production-of-lfp-cathode-materials/ |access-date=2025-08-08 |website=Electrive |language=en-US}}</ref> In 2020, the [Volkswagen Group](/source/Volkswagen_Group) acquired a 24% stake in Gotion for $1.1 billion.<ref name=":0">{{Cite news |last=Carey |first=Nick |date=2024-12-20 |title=After Northvolt, Europe's battery hopes rely heavily on China |url=https://www.reuters.com/technology/after-northvolt-europes-battery-hopes-rely-heavily-china-2024-12-20/ |access-date=2025-08-08 |work=Reuters |language=en}}</ref><ref>{{Cite web |last=Shepherd |first=Christian |date=May 29, 2020 |title=VW increases bet on China's slowing electric vehicle market |url=https://www.ft.com/content/43261447-84b7-4425-a55d-cfb77e56675b |access-date=2025-08-08 |website=Financial Times}}</ref>

== History ==
Gotion was founded as ''Hefei Guoxuan Hi-Tech Power Energy'' (later anglicized to ''Gotion'') in 2006<ref>{{Cite web |title=Gotion High-tech Co., Ltd. |url=https://www.marklines.com/en/top500/gotion-high-tech |access-date=2025-08-08 |website=MarkLines Automotive Industry Portal}}</ref> in [Hefei](/source/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.<ref name=":1" /> In 2015, it [listed](/source/Listing_(finance)) on the [Shenzhen Stock Exchange](/source/Shenzhen_Stock_Exchange)<ref>{{Cite news |title=Chinese Power Battery Firm Gotion High-Tech Plans Swiss IPO |url=https://pandaily.com/chinese-power-battery-firm-gotion-high-tech-plans-swiss-ipo/ |archive-url=https://web.archive.org/web/20250722105345/https://pandaily.com/chinese-power-battery-firm-gotion-high-tech-plans-swiss-ipo/ |archive-date=2025-07-22 |access-date=2025-08-08 |language=en |url-status=live }}</ref> via a [reverse takeover](/source/reverse_takeover) of Jiangsu Dongyuan Electrical Group Co.<ref>{{Cite web |last= |first= |date=2015-05-15 |title=HeFei GuoXuan High-Tech Power Energy CO., Ltd. completed the acquisition of Jiangsu Dongyuan Electrical Group Co., Ltd.. |url=https://www.marketscreener.com/quote/stock/GOTION-HIGH-TECH-CO-LTD-6499139/news/HeFei-GuoXuan-High-Tech-Power-Energy-CO-Ltd-completed-the-acquisition-of-Jiangsu-Dongyuan-Electric-38371985/ |access-date=2025-08-08 |website=marketscreener.com |language=en-US}}</ref> In 2022, it also listed in Switzerland on [SIX Swiss Exchange](/source/SIX_Swiss_Exchange), raising US$685 million.<ref>{{Cite news |date=2022-07-26 |title=China battery maker Gotion raises $685 million in Swiss listing |url=https://www.reuters.com/markets/deals/china-battery-maker-gotion-raises-685-mln-swiss-listing-2022-07-26/ |access-date=2025-08-08 |work=Reuters |language=en}}</ref>

=== Overseas expansion ===
Gotion has actively pursued expansion abroad. It currently operates factories in [Göttingen](/source/G%C3%B6ttingen), Germany;<ref>{{Cite web |last=Murray |first=Cameron |date=2025-07-21 |title=Gotion starts manufacturing 5MWh BESS in Germany following key certifications |url=https://www.energy-storage.news/gotion-starts-manufacturing-5mwh-bess-in-germany-following-key-certifications/ |access-date=2025-08-08 |website=Energy-Storage.News |language=en-US}}</ref> and [Fremont, California](/source/Fremont%2C_California).<ref name=":2">{{Cite web |last=Baron |first=Ethan |date=2025-06-21 |title=Fremont company accused of employing Chinese workers illegally, discriminating against non-Chinese employees |url=https://www.mercurynews.com/2025/06/21/fremont-company-accused-employing-chinese-workers-illegally-discriminatingt-non-chinese/ |access-date=2025-08-08 |website=The Mercury News |language=en-US}}</ref> It has also announced factories in [Big Rapids, Michigan](/source/Big_Rapids%2C_Michigan); [Manteno, Illinois](/source/Manteno%2C_Illinois);<ref name=":1">{{cite news |title=When foreign factories clash with locals |url=https://restofworld.org/2025/ev-battery-manufacturing-local-pushback/ |access-date=8 August 2025 |work=Rest of World |date=13 March 2025}}</ref> and [Kenitra](/source/Kenitra), Morocco.<ref>{{Cite news |last=Eljechtimi |first=Ahmed |date=2025-05-21 |title=Gotion to begin building Morocco gigafactory 'within days' |url=https://www.reuters.com/business/energy/gotion-begin-building-morocco-gigafactory-within-days-2025-05-21/ |access-date=2025-08-08 |work=Reuters |language=en}}</ref> It has also purchased a 25% stake in InoBat Batteries, a Slovakian battery manufacturer.<ref name=":0" /> In 2023, plans to build a plant in [Green Charter Township, Michigan](/source/Green_Charter_Township%2C_Michigan), garnered local opposition due to the company's ties to the [Chinese Communist Party](/source/Chinese_Communist_Party), leading to a halt of the project and subsequent lawsuits.<ref>{{Cite web |last=Samilton |first=Tracy |date=2026-02-13 |title=Chinese company says it won't pay back state grant after plans for battery plant fail |url=https://www.michiganpublic.org/politics-government/2026-02-13/chinese-company-says-it-wont-pay-back-state-grant-after-plans-for-battery-plant-fail |access-date=2026-05-07 |website=[Michigan Public](/source/Michigan_Public) |language=en}}</ref>

==Alleged employment discrimination==
In 2025, three of Gotion's employees at its factory in Fremont sued the company for [wrongful dismissal](/source/wrongful_dismissal) and alleged that its leadership had routinely employed Chinese citizens without [visas](/source/Work_permit), made racist comments about non-Chinese workers, and harassed employees complaining about safety issues.<ref name=":2" /><ref>{{Cite web |last=Maxwell |first=Leanne |date=2025-06-21 |title=Fremont Battery Company Allegedly Brought in Unlicensed Chinese Lawyer, Called US Workers 'Foreigners' |url=https://sfist.com/2025/06/21/fremont-battery-company-brought-in-unlicensed-chinese-lawyer-called-us-workers-foreigners/ |access-date=2025-08-08 |website=SFist |language=en |archive-date=2025-07-25 |archive-url=https://web.archive.org/web/20250725164246/https://sfist.com/2025/06/21/fremont-battery-company-brought-in-unlicensed-chinese-lawyer-called-us-workers-foreigners/ |url-status=dead }}</ref>

== References ==
{{reflist}}

== External links ==

* {{Official website}}
{{Electronics industry in China}}

Category:Chinese companies established in 2006
Category:Companies listed on the Shenzhen Stock Exchange
Category:Companies listed on the SIX Swiss Exchange
Category:Electric vehicle battery manufacturers
Category:Auto parts suppliers of China
Category:Battery manufacturers
Category:Electronics companies established in 2006
Category:manufacturing companies based in Hefei
Category:Chinese brands
Category:Automotive companies established in the 21st century

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Adapted from the Wikipedia article [Gotion](https://en.wikipedia.org/wiki/Gotion) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Gotion?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.