Gotion High-tech Co., Ltd.

Company Profile

■URL

https://en.gotion.com.cn/

■Address

No. 566, Huayuan Avenue, Baohe District, Hefei City, Anhui Province, China

Business Overview

-The company is principally engaged in the R&D, production, sales and services of EV battery systems, energy storage battery systems, and power transmission and distribution equipment for the new energy industry. It focuses on EV batteries and energy storage batteries as its two core businesses, while continuing to expand into emerging application scenarios including low-altitude aircraft, construction machinery, electric vessels and portable energy storage.

-The company's EV battery products mainly include battery cells, modules and battery packs based on lithium iron phosphate (LFP), ternary and other chemistries. They are widely used in battery electric vehicles, plug-in hybrid electric vehicles and range-extended passenger vehicles, as well as commercial vehicles and special-purpose vehicles. Its energy storage business has established a product portfolio combining "energy storage batteries + system solutions" for applications including power generation, grid-side, commercial and industrial, and end-user energy storage. Its power transmission and distribution equipment business mainly includes complete sets of high- and low-voltage switchgear, digital electrical equipment, and intelligent distribution network equipment.

-The company continues to expand its domestic and overseas customer base. In the passenger vehicle battery business, it cooperates with key OEMs including Geely Auto, Chery Automobile, Leapmotor, SAIC-GM-Wuling and Changan Automobile, and has jointly developed Volkswagen Unified Cells with Volkswagen and achieved mass-production delivery. In markets outside China, the company has established cooperation with customers including VinFast, Tata Cars, and Rivian. In the commercial vehicle segment, it has deepened cooperation with companies including SANY Heavy Industry, FAW Jiefang, Chery Commercial Vehicle and Geely New Energy Commercial Vehicle.

Shareholders

Major shareholders	Shareholding ratio (%)
Volkswagen (China) Investment	24.29
Nanjing Guoxian Holdings Group Limited (formerly: Zhuhai Guoxian Trading Company Limited)	10.59
Zhen LI	5.69
Others	59.43
Total	100.0

-In May 2020, Volkswagen (China) Investment (VW China) acquired a 26% stake in the company, becoming the largest shareholder. On April 6, 2021, the China Securities Regulatory Commission (CSRC) review committee approved the acquisition application.

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Products

-Lithium iron phosphate power battery
-Ternary power battery
-Power battery pack
-Battery management system

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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.
Aug. 2016	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