Native name | 国轩高科股份有限公司 |
|---|---|
| Industry | Lithium-ion batteries |
| Founded | 2006 |
| Founder | Zhen Li |
| Headquarters | Hefei, Anhui, China |
| Revenue | CN¥ 35.4 billion (US$4.9 billion) (2024) |
| CN¥1.21 billion (US$168 million) (2024) | |
| Owner |
|
| Website | gotion |
Gotion High Tech, usually known as Gotion, is a Chinese manufacturer of lithium-ion batteries. As of 2025, it had a 3.5% market share, making it the world's sixth-biggest battery manufacturer. [1] It is part-owned by the Volkswagen Group, which acquired a 24% stake [2] in 2020 for $1.1 billion. [3]
Gotion produces both lithium iron phosphate (LFP) and lithium nickel-manganese-cobalt oxide (NMC) batteries. [4] In addition to cells and batteries, the company also produces cathode and anode active material. [5] [6]
Gotion was founded as Hefei Guoxuan Hi-Tech Power Energy (later anglicized to Gotion) in 2006 [7] in Hefei by Zhen Li. The company struggled financially for several years before the Chinese government began heavily subsidizing the country's lithium-ion battery industry in 2009. [8] In 2015, it listed on the Shenzhen Stock Exchange [9] via a reverse takeover of Jiangsu Dongyuan Electrical Group Co. [10] In 2022, it also listed in Switzerland on SIX Swiss Exchange, raising US$685 million. [11]
Gotion has actively pursued expansion abroad. It currently operates factories in Göttingen, Germany [12] and Fremont, California. [13] It has also announced factories in Big Rapids, Michigan; Manteno, Illinois; [8] and Kenitra, Morocco. [14] It has also purchased a 25% stake in InoBat Batteries, a Slovakian battery manufacturer. [2]
In 2025, three of Gotion's employees at its factory in Fremont, California sued the company for wrongful dismissal and alleged that its leadership had routinely employed Chinese citizens without visas, made racist comments about non-Chinese workers, and harassed employees complaining about safety issues. [13] [15]