Gotion High-tech Co., Ltd Class A
SSZSE:00207426.04
CNY
+0.76
(+3.01%)
ISIN
CNE000001NY7
Return %
Stock
S&P 500
1Y
-37.51
13.14
3Y
18.80
80.78
5Y
-50.64
67.74
Capital Structure
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- CEO
- Zhen Li
- Full Time Employees
- 33,087
- Sector
- Producer manufacturing
- Industry
- Electrical products
- Address
- No. 599, Daihe Road Hefei AN China 230051
- IPO Date
- Oct 18, 2006
- Website
- gotion.com.cn
- Similar Companies
- Business
- Gotion High-tech Co., Ltd. specializes in the research, development, production, and sales of power batteries and energy storage systems primarily for new energy vehicles (NEVs) and green energy applications. The company's core products include lithium iron phosphate (LFP) batteries, nickel-cobalt-manganese (NCM) ternary batteries, power battery packs, battery management systems (BMS), and energy storage battery packs. These products are utilized across passenger vehicles, commercial vehicles, special-purpose vehicles, hybrid electric vehicles, and energy storage power plants, including communication base stations. Gotion also offers comprehensive battery system solutions and energy management systems. Headquartered in Hefei, Anhui Province, China, the company operates globally with manufacturing and R&D centers and has established strategic partnerships with major automotive manufacturers and energy companies. Founded in 1995 originally as Jiangsu Dongyuan Electrical Group Co., Ltd., the company was renamed Gotion High-tech Co., Ltd. in April 2020. It was one of the first private enterprises in China's power battery sector to go public, listed on the Shenzhen Stock Exchange since 2006 (Ticker: 002074.SZ). Recent strategic moves include the investment and construction of a large-scale battery production facility in Yichun, Jiangxi Province with a 20GWh annual capacity, put into production in August 2025, and a comprehensive global expansion strategy featuring a €1.28 billion lithium battery plant development in Morocco aimed at serving the European market by 2027. Gotion also forged a strategic partnership and equity investment with European electric bus manufacturer Ebusco in late 2024 and acquired a 25% stake in InoBat, a European battery company, enhancing its international R&D capabilities. The company reported significant financial growth and investment in innovation, with nearly RMB 2.8 billion dedicated to R&D in 2023 and operating profit increasing by 391% that year. Its strategic shareholders include Volkswagen (China) Investment Co., Ltd., which holds approximately a 25% stake, reflecting automotive industry integration. Gotion's product shipments reached approximately 63 GWh in 2024, with energy storage systems accounting for about 35% of that volume. The firm continues to expand its footprint through technology advancements, large-scale production capacity expansions, and deepening collaborations with international partners to solidify its position in the global new energy battery market. Gotion operates within the lithium battery industry, focusing on new energy vehicles, energy storage solutions, and power transmission and distribution equipment segments. Its target markets include global automotive manufacturers, energy storage system clients, and industrial applications. The company emphasizes innovative battery technologies, including solid-state battery research, to meet future energy demands. It maintains a network of subsidiaries, including Hefei Gotion Battery Co., Ltd., and joint ventures such as Yichun Guoxian Mining Co., Ltd., supporting its comprehensive supply chain and materials strategy. Overall, Gotion High-tech is a leading Chinese lithium-ion battery manufacturer and energy solutions provider with a strong focus on expanding production capacity, technological innovation, and strategic partnerships in Asia, Europe, and North Africa. The company's recent developments underpin its commitment to enhancing global new energy and battery technologies while serving a diverse international client base.