Gotion High-tech Shipped 63 GWh in 2024, 35% from ESS, Focuses on Solid-State Battery R&D

Published: May 9, 2025 18:08

Save

[Gotion High-tech Shipped Approximately 63 GWh in 2024! ESS Accounted for 35%!] On May 8, Gotion High-tech disclosed during its investor relations activities that the company shipped approximately 63 GWh for the full year, with power batteries accounting for about 65% and energy storage systems (ESS) accounting for about 35%. The company's overall gross profit margin for 2024 was 18%, with overseas revenue accounting for 31.09%. The company focuses on the R&D of new-type battery technologies such as solid-state batteries and accelerates the industrialisation of R&D achievements. Leveraging long-term R&D investments, the company has successfully established a semi-solid-state battery product portfolio encompassing various form factors, including cylindrical, prismatic, and pouch, with specific product models and performance specifications tailored to meet the development and production needs of different customers. The company has achieved significant breakthroughs in all-solid-state battery technology, launching the automotive-grade all-solid-state battery "Jinshi Battery".

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

8 hours ago

Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth

On January 28th, the construction of the 500-kilovolt power transmission and transformation project in Fengtai, Beijing officially started. This project is the first newly-built 500-kilovolt power grid project in Beijing during the 15th Five-Year Plan period. It will significantly enhance the resilience and power receiving capacity of the southern Beijing power grid and provide reliable power support for Beijing to continuously optimize the investment structure and vigorously develop high-end, precise, and cutting-edge industries. The 500-kilovolt power transmission and transformation project in Fengtai, Beijing is a key project of Beijing's power grid during the 15th Five-Year Plan period and one of the "3 100" key projects in Beijing this year. It is constructed and managed by the State

8 hours ago

Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run

On February 1st, the 500-kilovolt AC system of the Hezhou Converter Station, the receiving-end station of the ±800-kilovolt UHV DC power transmission project from northern Shaanxi to Anhui, was officially put into operation after a 24-hour trial run.

8 hours ago

750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational

On February 2nd, the 750-kilovolt power transmission and transformation project of the third passageway from northern Shaanxi to central Shaanxi was fully connected. The project starts from the 750-kilovolt Shuofang Substation in Shenmu City in the north and ends at the 750-kilovolt Bailuyuan Substation in Lantian County in the south. It has newly built a 1,271-kilometer line, passing through 18 counties (districts) in 4 cities including Yulin, Yan'an, Weinan and Xi'an.

8 hours ago