Gotion has been able to take advantage of the incentives on offer in Illinois. Credit: T. Schneider via Shutterstock.

China’s Gotion High-tech will open a $2bn (14.56bn yuan) electric vehicle (EV) lithium battery manufacturing plant in Manteno, Illinois, US.

Once completed, the new plant will create around 2,600 jobs and produce roughly ten gigawatt-hours (GWh) of lithium-ion (Li-ion) battery packs and 40GWh of Li-ion battery sales.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The factory is expected to begin production in 2024, according to a statement released by Illinois Governor JB Pritzker.

“Today, we take another leap forward, announcing the largest EV battery production investment in Illinois to date. It is my pleasure to welcome a world-leading battery manufacturer – Gotion – to Illinois,” said Pritzker. “This announcement is a testament to Illinois’ status as a leading destination for companies and investors who want the most talented workers, the best transportation systems and a collaborative economic growth mindset from their partners in government at all levels.”

Gotion is a China-based manufacturer of Li-ion power batteries and electric transmission and transformation products.

News about the new factory in Manteno comes after the Chinese manufacturer announced plans in June to invest $6.4bn to establish a 100GWh EV battery manufacturing facility in Morocco.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Gotion can claim tax benefits totalling $213m over 30 years through Illinois’ Reimagining Energy and Vehicles (REV) Program, as well as receive $125m in funding from Invest in Illinois, a capital funding scheme set up to make the Mid-western US state more attractive for investment projects in highly competitive sectors.

The total incentive package to which Gotion has access, including REV, Invest in Illinois and other incentives, is approximately $536m.

Speaking about the new plant in Illinois, Li Zhen, chairman of Gotion High-tech, said: “We believe that Gotion’s battery technology will help to boost e-mobility in North America and the economic and trade exchanges between China and the US.”