Gotion has announced the construction of two battery factories in Slovakia and Morocco, investing $2.6 billion to enhance its capacity in the global battery market.
The Slovakian factory, predominantly owned by Gotion and planned for operation by January 2027, will have an annual capacity of up to 20 GWh.
With a growing presence in Europe, Gotion's partnership with local firm InoBat emphasizes its strategy to expand production capabilities and bolster market share.
Gotion is currently the eighth-largest EV battery manufacturer globally, reflecting a competitive market dynamic with a 2.6 percent share as noted by industry analysts.
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