{{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 | founded = {{Start date and age|2006}} | founder = Zhen Li | hq_location = 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 (24%)}} | website = {{Official URL}} }}
'''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.<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) and lithium nickel-manganese-cobalt oxide (NMC) 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 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 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 on the 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 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, 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, 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.<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; Manteno, 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, 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, garnered local opposition due to the company's ties to the 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 |language=en}}</ref>
==Alleged employment discrimination== In 2025, three of Gotion's employees at its factory in Fremont 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.<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