Gotion High-tech

Gotion's GDRs will be officially listed on the SIX Swiss Exchange on July 28 Zurich time.

CATL gained more share in June, as its major customers saw their output further return to normal.

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

Gotion batteries produced in Argentina are expected to be used in Germany, India, the United States, Spain and Vietnam, it said.

CATL and BYD's share of the China power battery market returned to their respective normal levels in May, after a Covid disruption in April narrowed their gap significantly.

Gotion's power cell production capacity in China is expected to reach 100 GWh by the end of this year.

The semi-solid-state battery has an energy density of 360Wh/kg, much higher than the 210Wh/kg of conventional ternary lithium batteries, according to a Gotion executive.

A month ago, CATL also acquired exploration rights in Yifeng county, Jiangxi province, where Gotion was awarded the rights.

BYD's share reached 32.2 percent in April, narrowing the gap to 6.1 percentage points from CATL's 38.3 percent share.

An Argentine state-owned company will provide Gotion with prospecting and mining rights to explore a potential lithium resource of about 17,000 hectares.