[Going Global: Gotion Wins Court Ruling to Build Battery Factory]

Published: Jun 3, 2024 22:41

Source: SMM

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[Going Global: Gotion Wins Court Ruling to Build Battery Factory] According to foreign media reports, Gotion, the American subsidiary of Gotion High-Tech, has obtained permission to build an electric vehicle battery PV module factory after a ruling by the local court in Michigan. The factory plans to invest approximately $2.4 billion (equivalent to 17.3 billion RMB), with an annual production of 150,000 mt of cathode materials. Additionally, the project includes the construction of two factories to produce anode materials, with an annual capacity of 50,000 mt.

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