"The shoe has dropped! Guoxuan Hi-Tech is planning to build a battery factory in the United States. On the evening of October 11, Guoxuan Hi-Tech announced that it plans to invest in the construction of a lithium battery production line project in Illinois, USA. The specific amount will be determined according to the feasibility analysis and application approval of the project. The project funds are jointly invested by the company and third-party strategic investors.

In fact, the market has heard about Guoxuan Hi-Tech's plans to build a factory in the United States. On September 8 local time, the Illinois state government website released news that Guoxuan Hi-Tech will invest $2 billion (about 14.7 billion RMB) to build an electric vehicle battery super factory in Manteno, Kankakee County, which is expected to produce 10 GWh lithium ion battery packs and 40 GWh lithium ion battery cores, and plans to put into production next year.