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China’s Gotion Gets US Nod on $2 Billion Lithium Battery Plant

Gotion will be eligible to receive US tax benefits totalling $213 million over 30 years and also get $125 million in capital funding from Illinois

Gotion High-tech logo
Gotion High-tech is a China-based company principally engaged in the manufacture of lithium-ion power batteries and electric transmission and transformation businesses. Photo: Yicai


Chinese electric vehicle (EV) battery maker Gotion High-tech has received the US nod for a $2 billion lithium battery manufacturing plant in Manteno, Illinois.

“Gotion’s battery technology will help to boost e-mobility in North America and the economic and trade exchanges between China and the United States,” said Gotion chairman Li Zhen.

The approval comes at a time of heightened tensions between the US and China, and an intense trade and technology war.


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Gotion’s move also follows a push by global EV battery makers and automakers to set up manufacturing facilities in North America, eyeing incentives of the Biden Administration’s Inflation Reduction Act.

Gotion will be eligible to receive tax benefits totalling $213 million over 30 years and also get $125 million in capital funding from the US state’s Reimagining Energy and Vehicles incentive package.

The battery-maker’s property tax abatement for 30 years was also approved by local authorities.

Once completed, Gotion’s facility in Manteno is expected to produce 10 GWh of lithium-ion battery packs and 40 GWh of lithium-ion battery cells, according to a statement from the state governor on Friday.

The plant, which would create about 2,600 new jobs, is expected to begin production in 2024.


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China’s CATL Unveils Game-Changing Fast-Charging LFP Battery


Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has worked as a digital journalist since 2013, and is an experienced writer and multimedia producer. As a trader and investor, she is keenly interested in new economy, emerging markets and the intersections of finance and society. You can write to her at [email protected]


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