Gotion High-tech Co., Ltd.
Company Profile
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Business Overview
-The Company is a China-based supplier, which independently develops, manufactures, and sells lithium-ion batteries for New Energy Vehicles.
-The main businesses are lithium batteries and power transmission and distribution equipment. Hefei Gotion High-Tech Power Energy Co., Ltd. is mainly engaged in the electric power lithium battery business, and Jiangsu Dongyuan Electrical Group Co., Ltd is mainly engaged in the power transmission and distribution business.
-The Company has strategic alliances with SAIC, JAC, Chery, Changan, Geely, Great Wall Motor, Leap Motor, WM Motor, and Hozon New Energy.
Shareholders
| -Listed on Shenzhen Stock Exchange | (as of Dec. 31, 2023) |
| Major shareholders | Shareholding ratio (%) |
| Volkswagen (China) Investment | 24.68 |
| Nanjing Guoxian Holdings Group Limited (formerly: Zhuhai Guoxian Trading Company Limited) | 9.56 |
| Zhen LI | 5.78 |
| Others | 59.98 |
| Total | 100.0 |
-Volkswagen (China) Investment Co., Ltd., VW's Chinese subsidiary, has acquired a 26% stake in the Company and become its largest shareholder. The issue review committee of the China Securities Regulatory Commission (CSRC) reviewed and approved the stock acquisition. (From multiple media reports dated 7 April 2021)
Products
-Lithium iron phosphate power battery
-Ternary power battery
-Power battery pack
-Battery management system
History
| Nov. 1995 | Jiangsu Dongyuan Electric Group Co., Ltd., the Company's predecessor, was established. |
| May 2006 | Hefei Guoxuan Hi-Tech Power Energy Co., Ltd., the Company's subsidiary, was established. |
| Jul. 2006 | The first phase of the Company's plant and R&D building construction began. |
| Sep. 2006 | The Company was listed on Shenzhen Stock Exchange. |
| Dec. 2006 | The first phase of the Company's plant construction was completed. |
| Feb. 2007 |
The Company's 50,000 Ah battery production line started trial production and produced the first batch of qualified battery products; the second phase of plant construction started. |
| Mar. 2007 | The Company's R&D center was established. |
| Feb. 2008 | The Company's lithium iron phosphate production line was put into production and produced the first batch of qualified products. |
| Oct. 2008 | Guoxuan High-tech Engineering Research Institute and Anhui University & Guoxuan Electric Vehicle Engineering Technology Center held unveiling ceremony. |
| Oct. 2009 | The Company began production of electric bus batteries. |
| Mar. 2010 | The production line of lithium iron phosphate material was expanded and the equipment entered into installation and commissioning stage. |
| Apr. 2010 | Guoxuan High-tech Iron Lithium Battery Billion Industrial Base Project obtained Ministry approval. |
| Aug. 2010 | The Company's new 200,000Ah production line was put into operation. |
| 2014 | Guoxuan High-tech Engineering Research Institute was rated as National Enterprise Technology Center and National CNAS Accredited Testing Center. |
| Apr. 2015 | The Company's predecessor, Jiangsu Dongyuan Electric Group Co., Ltd. issued shares to acquire Hefei Guoxuan Gaoke Power Energy Co., Ltd. |
| Sep. 2015 | The Company changed its name from Jiangsu Dongyuan Electrical Group Co.,Ltd. to Guoxuan High-tech Co.,Ltd. |
| Aug. 2016 | Hefei Guoxuan Hi-Tech Power Energy Co., Ltd., a wholly-owned subsidiary of the Company, and Zhejiang Kangsheng Co., Ltd. jointly established Luzhou Guoxuan New Energy Co., Ltd. in Luzhou City. |
| Hefei Guoxuan Hi-Tech Power Energy Co., Ltd., a wholly-owned subsidiary of the Company, and China Aerospace Wanyuan International (Group) Co., Ltd. jointly established Aerospace Guoxuan (Tangshan) Lithium Battery Co., Ltd. in Tangshan City. | |
| Apr. 2018 | The Company built a wholly-owned subsidiary named Hefei Guoxuan Battery Co.,Ltd.in Hefei Economic and Technological Development Area. |
| Apr. 2020 | Changed company name from Guoxuan High-tech Co., Ltd. to Gotion High-tech Co., Ltd. |
| May 2020 | The Company and Volkswagen (China) Investment Co., Ltd. signed a strategic cooperation agreement. Under the agreement, Volkswagen (China) Investment became the largest shareholder of the Company. |
| Jun. 2020 | Established Liuzhou Guoxian Battery Co., Ltd. as a joint venture with Guangxi Liuzhou Dongcheng Investment Development Group Co. |
| Mar. 2021 | Established a joint venture, Yichun Guoxian Mining Co., Ltd. with Yichun Mining Co., Ltd. |
| May. 2023 | Supplying lithium iron phosphate battery "Unified Cell" to VW as a designated overseas supplier of VW |
