Update: Gotion has adjusted the planned capacity figure from 18 GWh to 20 GWh in the latest press release.

Gotion's planned global production capacity will reach 300 GWh by 2025, with 100 GWh in overseas markets.

Chinese power battery giant Gotion High-tech (SHE: 002074) plans to turn a plant it acquired last year in Germany into a local power battery production base.

Gotion expects to start renovating its plant in Göttingen, Germany - which it acquired from Bosch Group last year - by the end of this year to make it the company's first battery production site in Europe, according to a press release sent to CnEVPost today.

The plant will be renovated in two phases, the first of which has already started and is expected to see 5 GWh of capacity come online by the end of this year, with an additional 5 GWh added by the end of next year, according to Gotion.

By 2025, both phases will be fully operational and are expected to have a cumulative capacity of 20 GWh, according to the company.

In July last year, Gotion announced that it signed a contract with Bosch to acquire the latter's plant in Göttingen, thus acquiring its first new energy production base in Europe.

The plant was built in 1960 on a site of more than 170,000 square meters, with 40,000 square meters of floor space and about 300 employees at the time.

Gotion's Göttingen plant will develop battery products that meet local European needs, produce bus batteries, car batteries, energy storage batteries and mobile rechargeable batteries, and will serve customers in the energy storage, commercial vehicle and passenger car sectors, according to Ahmet Toptas, the plant's manager.

The plant will gradually shift from producing auto parts in the past to manufacturing batteries, a difficult but promising journey, said Li Zhen, chairman of Gotion.

By 2025, Gotion's global production capacity is planned to reach 300 GWh, with 100 GWh in overseas markets, Li said.

Gotion is a global company that provides energy solutions to suppliers, customers and other partners worldwide, Li emphasized.

In addition to announcing plans to renovate the Göttingen plant, Gotion also unveiled its first portable energy storage product brand for overseas markets, GenDome, and its first high-capacity portable mobile energy storage product, Gendock 3000, which converts solar and wind energy into electricity.

The Gendock 3000 is available in three different models, developed and manufactured by Gotion's international team, and will be primarily aimed at the European market in the future, with local manufacturing at the Göttingen site, according to the company.

Gotion is the world's No. 8 power battery supplier, with a global market share of 2.7 percent in the first quarter of the year, according to a report released in early May by Seoul-based SNE Research.

maintained its leadership position as the world's largest electric vehicle battery maker with a 35 percent share in the first quarter, according to the report.

With 0.91 GWh installed in China in May, Gotion continued to occupy fourth place with a 4.92 percent market share in its home country, according to data released earlier this month by the China Automotive Battery Innovation Alliance.