Gotion Global

The first phase of the plant is planned with a capacity of 20 GWh, with trial production scheduled for 2026 and full-scale production starting in 2027.

The combined investment in the two battery plants is 2.514 billion euros ($2.6 billion), both with an annual capacity of 20 GWh.

CDG plans to invest 300 million euros ($280 million) in the first phase of Gotion's Moroccan project and support its operations.

The Moroccan government signed an investment agreement with Gotion for the gigafactory with initial battery capacity of 20 GWh.

Gotion has signed a new cooperation agreement to work with two partners on energy storage and new material development in Spain.

A total of 1 GWh of energy storage battery products are expected to be introduced into Japan over the next 2 years, Gotion said.

Gotion plans to set up the institute with Hong Kong-listed Envision to conduct research on battery energy storage system technologies and business models.

Located in the Silicon Valley area, the plant is Gotion's first US battery pack production line, targeting the Americas energy storage system market.

Gotion's joint venture plant in Thailand has a planned capacity of 2 GWh of battery packs per year for the first phase, which will be expanded to 8 GWh in the future.

Gotion will support Pod Point with energy storage systems and battery cells based on its lithium iron phosphate battery product development, design and manufacturing capabilities.