On October 22, the groundbreaking ceremony for Gotion High-Tech Co., Ltd.'s new lithium-ion battery manufacturing base, with a total investment of 4 billion RMB, was held in Liuhe, Nanjing, Jiangsu. On August 29 of this year, Gotion officially announced the investment to build a new lithium-ion battery (20GWh) manufacturing base in the Liuhe Economic Development Zone of Nanjing, with a project investment cap of no more than 4 billion RMB. The construction period will not exceed 24 months from the start date. Li Zhen, Secretary of the Party Committee and Chairman of Gotion High-Tech, remarked that this year marks the tenth anniversary of Gotion Nanjing. Starting from a single factory with a capacity of 1GWh, Gotion has progressively expanded its investments across several phases, culminating in this new intelligent manufacturing base project, having invested over 10 billion RMB in Liuhe and reaching a total production capacity of nearly 50GWh.
01 Nanjing Liuhe Becomes Gotion High-Tech's Largest Global Base Gotion Nanjing began its journey in 2015, steadily increasing its production capacity from 2GWh to nearly 50GWh through multiple expansions and new projects, resulting in a cumulative investment exceeding 10 billion RMB. It has established itself as Gotion's largest production base globally. The products are widely used in various fields of new energy vehicles, including passenger cars, commercial vehicles, specialty vehicles, and light vehicles, and provide green energy system solutions to energy storage clients. Key customers include Changan, Great Wall, Leapmotor, Geely, Chery, and Chongqing Ruichi.
In 2015, Gotion's first lithium power battery project was launched in Liuhe, which was signed, started production, and showed results within the same year. Gotion established Nanjing Gotion Battery Co., Ltd. in the Liuhe Economic Development Zone, investing 1.5 billion RMB to set up a production line with an annual capacity of 2GWh, again achieving results in the same year. In June 2021, Gotion initiated its first direct investment project in Nanjing after Volkswagen took a stake, with a total investment of 10 billion RMB, planning a capacity of 20GWh. This project is being constructed in multiple phases, with the first production line operational by May 2022. The first production line in the Nanjing new energy intelligent manufacturing base has a capacity of 7GWh annually, bringing Nanjing Gotion’s total capacity to 30GWh. By December of that year, the base reached full production capacity with an actual output of 28GWh. Gotion started construction on its global supply chain base in Nanjing Liuhe Longbao New City in December 2023. This significant project, which is set to officially begin operations by September 2024, marks a crucial step in the new energy industry layout in Longbao New City and is expected to facilitate the gathering of upstream and downstream industrial chains, injecting robust momentum into Nanjing's ambition of becoming a "global hub for the new energy industry."
Nanjing Gotion has maintained a rapid growth pace with a new project every two years, achieving steady sales growth annually. Gotion has established three factories in Liuhe, with eight cell production lines and twelve product lines, forming a capacity of 28GWh. The manufacturing processes, including quality density and cycle lifespan of lithium-ion power battery cells, are at the leading level in the industry. Last year, Nanjing Gotion's output value exceeded 15 billion RMB. Currently, Liuhe aims to "create a 100 billion RMB-level new energy industry cluster," with Gotion leading the way in attracting upstream and downstream enterprises, accelerating towards a scale of 60 billion RMB.
02 One of the Fastest Growing Companies Among Industry Leaders This is not the only recent expansion by Gotion High-Tech. On August 29, it also announced the Wuhu Gotion 20GWh new energy battery base project, with a total investment cap of no more than 4 billion RMB, adopting a phased construction model with plans to complete it within 24 months from the start. On August 11, Gotion's subsidiary Hefei Gotion Jitai Mei signed a partnership agreement with the Hefei Lujiang High-tech Zone for a small power battery project, marking a step into the small power market and creating a third growth engine for Gotion High-Tech.
Furthermore, according to its half-year report for 2025, the company is simultaneously advancing four major projects, including the Gotion new station with an annual production capacity of 20GWh, the Liuzhou Gotion to add a new 10GWh battery production base (phase II), the Slovakia new energy battery super factory, and the Morocco new energy battery production base. These projects have a total planned capacity exceeding 100GWh. Compared to Gotion High-Tech’s total shipment volume of 63GWh in 2024, the scale of its expansion is evident.
The driving force behind Gotion High-Tech’s large-scale domestic and international expansion is twofold: on one hand, there is an explosion in demand in the power storage sector. For the power sector, the domestic installed capacity of power batteries in the first three quarters grew by 39% year-on-year. Concurrently, data from the Qidian Research Institute (SPIR) shows that global shipments of lithium batteries for energy storage reached 315.8GWh in the first half of 2025, marking a year-on-year increase of 98%. As a leading global battery enterprise, Gotion High-Tech has exhibited remarkable performance, becoming one of the fastest-growing companies among industry leaders.
In the first half of 2025, Gotion High-Tech shipped approximately 40GWh, reflecting a year-on-year increase of over 48%. The company noted that product demand remains strong, production arrangements are favorable, and capacity utilization rates are high, projecting continued growth in shipments for the year. In terms of installed power batteries, Gotion has established long-term cooperation relationships with major domestic and international automakers, including Volkswagen, Chery, Geely, and SAIC-GM-Wuling, especially making breakthroughs in high-end models. In the first half of 2025, the proportion of equipped models at the B-class level and above increased to 15%, with an optimized customer structure contributing to growth in installed capacity.
From January to September 2025, Gotion High-Tech’s installed capacity continued to rise. The domestic installed capacity of power batteries reached 26.27GWh, an 84.7% increase year-on-year, capturing a market share of 5.3%. In September alone, the monthly installed capacity was 4.42GWh, with a market share of 5.8%. In the commercial vehicle sector, Gotion launched the “G Super Heavy Truck Standard Box,” integrating four-gun simultaneous charging technology with a 1000V high-voltage platform, enhancing its presence in the heavy-duty truck application scenario, which has raised its share of domestic commercial vehicle installations to 7.4%.
Recently, the vehicle ZT07 has been announced to be equipped with lithium iron phosphate batteries produced by Gotion High-Tech, indicating Gotion will formally supply power batteries to Volkswagen. As a popular model for Volkswagen in Anhui, the market launch of the ZT07 could significantly accelerate the growth of Gotion High-Tech's installed power battery volume.
Regarding energy storage, data from Qidian Research (SPIR) indicates that in the first half of 2025, Gotion High-Tech ranked seventh in energy storage battery shipments. By September 2025, Gotion High-Tech had overseas orders covering 12 countries, with significant growth in the overseas market, where overseas revenues account for over 60%, covering scenarios such as industrial and commercial energy storage as well as home energy storage. For instance, in August 2025, Gotion High-Tech provided a 1.2GWh energy storage solution for ACWA Power's Noor Midelt solar-storage project in Morocco, including 314Ah energy storage cells, a 5MWh liquid-cooled energy storage system, and a 5.5MW PCS integrated medium voltage machine, also responsible for after-sales maintenance.
In February 2025, Gotion High-Tech unveiled a 7MWh container energy storage system at the Japan International Battery Show, signing over 7GWh in cooperation orders on-site. Moreover, its collaboration with Edison Energy at the Sakura Energy Storage Station became the first Chinese energy storage project to pass Japan's primary frequency response test. Continuous growth in its dynamic storage business has also led to sustained improvement in operating results.
Amidst escalating competition in the industry, Gotion High-Tech exhibited stable growth in the first half of the year: achieving an operating revenue of 19.394 billion RMB, a year-on-year increase of 15.48%; net profit reached 367 million RMB, up by 35.22%. The improvement in profitability has also bolstered Gotion’s continuous investments. According to Gotion’s disclosure, as of the first half of 2025, Gotion High-Tech's effective production capacity is approximately 130GWh, with plans to increase it to nearly 150GWh by the end of 2025, and an overall capacity target of 200GWh for 2026. Through capacity expansion and technological upgrades, Gotion seeks to further enhance its delivery capacity and, if all progresses smoothly, is expected to meet its annual shipment target of 100GWh, achieving a substantial year-on-year increase of nearly 60%.
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