Chinese EV battery maker Gotion claims ‘keen interest’ from international car brands as it expands foreign footprint
- China’s fourth-largest EV battery producer says it is in preliminary talks with several international car brands on supply contracts
- Overseas sales jumped 465 per cent to US$431 million in 2022, the company said on Thursday in its earnings report
The company, part owned by Volkswagen, is adamant about building more factories outside mainland China and expects overseas sales to make up “a considerable share” of its total revenue from 2025, according to Ray Chen, a Gotion vice-president who leads the company’s international operations.
“We will expand our footprint abroad, banking on our technological clout and the trust our clients place in us,” he told the Post at the company’s headquarters in Hefei, capital of East China’s Anhui province. “Hopefully, Gotion’s businesses outside China will witness explosive growth from 2025 when our production lines are complete.”
Chen would not disclose the names of the carmakers because the discussions are still in the early stages, but he stressed that several big-name car brands had shown keen interest in using Gotion’s battery cells to power their electric cars.
His remarks followed a statement by Li Zhen, Gotion’s founder and chairman, at a media briefing, that going global would be a key strategy for the company in the next few years as electrification accelerates in the global automotive industry.