Gotion High-Tech announced on October 30 that its super battery factory project in Šurany, Slovakia, officially commenced construction on the morning of October 28 (local time). Spanning 65 hectares, this marks Slovakia’s first super battery factory project in history. In its initial phase, it will create 1,300 new jobs in the Šurany region, with a planned production capacity of 20GWh. Trial production is scheduled for 2026, followed by full-scale production in 2027, primarily targeting exports to the EU market. The total investment amounts to approximately 10.153 billion yuan.
The groundbreaking signifies a new stage in Gotion High-Tech’s three-year planning efforts, bringing the company closer to production. The Slovakian project was first conceived in 2023. On February 5 that year, Gotion High-Tech revealed that its wholly-owned subsidiary Hefei Gotion had signed a memorandum of understanding (MoU) with InoBat to explore cooperation opportunities, including a joint venture in Europe with a 40GWh capacity. By September, InoBat announced on its website that it had signed an investment agreement with Gotion High-Tech on August 23 in Hefei, with Gotion acquiring a 25% stake in InoBat. On November 23, Slovakia’s Ministry of Economy confirmed that Gotion High-Tech and InoBat had signed an MoU, with their joint venture, GIB EnergyX Slovakia s.r.o. (GIB), planning to build an EV battery factory in Šurany, targeting an initial annual capacity of 20GWh.
Progress became clearer in 2024. On December 12 last year, Gotion High-Tech disclosed plans to invest in the Slovakian super battery factory, aiming for an annual output of 20GWh of high-performance lithium batteries and related projects, with a total investment not exceeding 1.234 billion euros (about 10.153 billion yuan). The project, to be implemented by Gotion’s subsidiary GIB, will be completed in phases within three years. Earlier, in June, the Slovakian government approved 214 million euros in state aid for GIB, including 150 million euros in subsidies and 64 million euros in income tax relief. According to a statement, GIB’s factory is expected to begin production in January 2027, reaching full capacity by June of the same year.
**Global Expansion in Full Swing** Gotion High-Tech’s Q3 2025 report showed its construction-in-progress assets reached 21.04 billion yuan by the end of September, up over 40% year-to-date, driven by increased production line investments. This year, multiple domestic battery projects have broken ground, including: - On February 24, the Tangshan Gotion project, with a 10GWh capacity for new-energy heavy-duty truck batteries, began construction, involving a total investment of 3.5 billion yuan. Upon completion, combined with earlier projects, capacity will reach 30GWh. - In April, Gotion’s Inner Mongolia smart battery manufacturing base started construction, focusing on 314Ah large-capacity LFP battery cells for energy storage. Equipment installation is expected in July, with trial production by October. - On August 29, Gotion announced plans to invest 8 billion yuan across Nanjing and Wuhu for 40GWh lithium battery capacity. The Nanjing expansion, launched on October 22, builds on existing facilities, while the Wuhu project is new. - On October 19, Gotion’s first zero-carbon anode material factory in Wuhai, Inner Mongolia, commenced operations. Phase one reduces carbon emissions by 330,000 tons annually, with full capacity (400,000 tons) projected to generate 1.7 billion kWh yearly and cut over 1.1 million tons of carbon emissions.
Additionally, Gotion is accelerating energy storage capacity expansions in Tangshan and Jinzhai. The power and energy storage sectors currently face tight supply-demand balance, with leading firms operating at high utilization rates. Analysts expect this trend to persist through 2026, favoring high-end capacity expansions. Gotion’s aggressive expansion aims to meet demand and prepare for future growth. Its current operational capacity stands at ~130GWh, with plans to reach 300GWh by 2027, emphasizing next-gen fast-charging and large-format energy storage batteries.
**Q3 Net Profit Soars 514.35%** For the first three quarters of 2025, Gotion reported revenue of 29.508 billion yuan (+17.21% YoY), net profit of 2.533 billion yuan (+514.35% YoY), and non-GAAP net profit of 85.3777 million yuan (+49.33% YoY). In Q3 alone, revenue hit 10.114 billion yuan (+20.68% YoY), marking two consecutive quarters above 10 billion yuan, while net profit surged to 2.167 billion yuan (+1434.42% YoY), a record high. The profit spike was partly driven by fair value changes in Gotion’s 1.57% stake in Chery Automobile following its Hong Kong IPO.
As of September 30, Gotion’s total assets reached 121.149 billion yuan (+12.34% YoY), with a debt ratio of 71.72%. Total power and energy storage shipments for the first three quarters were ~63GWh (70% power, 30% energy storage). Notably, Gotion is supplying batteries for Volkswagen Anhui’s “ID.7,” with mass production set to begin soon.
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