Chinese battery maker Gotion High Tech Co has revealed its plans to locate one-third of its production capacity overseas by 2025.
The firm aims to meet increasing demand from electric vehicle (EV) makers and energy storage household clients, reported Reuters.
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The Hefei-based company plans to build a total battery production capacity of 300GWh in three years.
The battery maker recorded 16GWh output last year.
Of the 300GWh planned capacity, 100GWh would be located outside China, the company added
Gotion, with Volkswagen as its largest single investor, plans to start construction of its first overseas battery facility in Gottingen, Germany, by this year end.
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By GlobalDataAn old facility that Gotion bought from Bosch in 2021 will be renovated for the new plant.
The new facility will develop and manufacture batteries to cater to the needs of EVs and energy storage in Europe.
The Göttingen base has a site area of about 174,000m2 and a current gross floor area of about 40,000m2.
As per the plan, the project will be built in two phases – the brownfield plant and the greenfield plant, with an annual production target of 6GWh and 12GWh, respectively.
The first production line, which will have an annual capacity of 3.5GWh, will become operational in September 2023.
An annual production capacity target of 18GWh is expected to be achieved once the brownfield and greenfield plants commence full operation.
The Chinese EV battery maker delivers its lithium-iron phosphate batteries to car manufacturers, such as Volkswagen and Tata Group.
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Image: The firm aims to meet increasing demand from electric vehicle (EV) makers and energy storage household clients. Credit: (Joenomias) Menno de Jong from Pixabay.
