Gotion High-Tech Powers These EV Brands

Gotion High-Tech is considered one of the leading figures in the battery industry, known for its comprehensive range of battery offerings tailored to various applications, including electric vehicles (EVs), energy storage systems, and industrial uses.

Overall, the China-based company is best known for its development of lithium iron phosphate (LFP) batteries, where Gotion has achieved notable enhancements in energy density. Traditionally, LFP batteries have lagged behind their nickel-based counterparts in terms of energy density, but through material innovation and cell design optimization, Gotion has improved their performance. One such advancement from Gotion High-Tech is their L600 Astroinno LMFP battery cell, which was announced in May 2023. Achieving significant advancements with an energy density of 240 Wh/kg and a volume energy density of 525 Wh/L, this new cell is said to enable electric vehicles to travel up to 1000 kilometers on a single charge.

With such advancements, Gotion’s place in the global battery industry is continuing to grow. As of 2022, Gotion’s revenue was 8.638 billion, with year-on-year overseas growth of 143.24%. In that same year, Gotion installed an extra 5.8 GWh of capacity globally, making their market share 2.9%. Additionally, they were ranked 5th in global EV market share, with a share of 5.9% as of 2022. Gotion hopes to achieve battery cell production volume of 300 gigawatt hours (GWh) by 2025.

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In this piece, we’re going to take a look at which EV brands are partnered with Gotion High-Tech to get a better feel for their place in the market. Read on to learn more about Gotion High-Tech’s EV customers.