Gotion High-Tech Plans to Build Factories in Morocco and Slovakia
Chinese Giant Gotion High-Tech Announces Plans for Lithium Battery Factories in Morocco and Slovakia
Chinese battery manufacturing giant Gotion High-Tech Co. has announced plans to build two new lithium battery factories in Morocco and Slovakia. Both plants will have an annual production capacity of 20 GWh, with a total investment of approximately $2.63 billion, equivalent to 19.1 billion yuan.
Factory in Morocco
The Moroccan factory will be located in the Rabat region and will be managed by Gotion Power Morocco S.A., a wholly owned subsidiary of Gotion. The project will be implemented in stages over five years, with an investment budget of €1.28 billion ($1.33 billion). The facility will focus on producing high-performance lithium batteries and raw materials, while integrating the local supply chain.
Morocco, with its strategic location and developed industrial base, offers unique advantages for such investments. Additionally, Gotion’s collaboration with the Moroccan government strengthened following a visit by Moroccan Prime Minister Aziz Akhannouch to Gotion’s headquarters during the China-Africa Cooperation Forum in September 2023.
Factory in Slovakia
The Slovak factory will be built in the town of Šurany, and it will be managed by GIB EnergyX Slovakia s.r.o., a joint venture where Gotion GmbH holds 80% of the shares, and local battery manufacturer InoBat Auto holds 20%. The project is estimated to cost €1.23 billion and is expected to be completed within three years, with production beginning in January 2027 and full operational capacity reached by June of the same year.
The Šurany plant will be a crucial part of the European lithium battery market, addressing the growing demand for local energy sources. The initiative was launched after Gotion strategically acquired 25% of InoBat Auto in September 2023.
Gotion High-Tech’s Global Expansion
Gotion, the eighth-largest EV battery producer in the world according to SNE Research, is accelerating its global expansion. In the first ten months of 2024, the company captured 2.6% of the market, delivering 9 GWh of EV batteries, a 38.2% year-over-year increase.
In addition to the projects in Morocco and Slovakia, Gotion is expanding its manufacturing plants in Germany, Indonesia, Thailand, and Silicon Valley. The company is also investing in the development of raw material resources in regions such as Jiangxi (China), Indonesia, and Argentina. Expansions of research and development centers in China, Japan, Singapore, and the United States support the company’s innovation in both the EV and energy storage sectors.
Strategic Significance of New Investments
The investments in Morocco and Slovakia are part of Gotion’s broader global strategy to capture a larger share of the rapidly growing EV battery and energy storage system markets. These projects will allow the company to increase its production capacities, strengthen local supply chains, and meet the growing needs of both Europe and the North African region.
Slovak leaders, including Prime Minister Robert Fico and Deputy Prime Minister Denisa Saková, emphasized Gotion’s potential to support the energy transition and strengthen the European electromobility sector. Similarly, Moroccan authorities view Gotion’s investment as an opportunity to solidify the country’s position as a regional leader in modern technologies.
Source: gotion.ca