STATEMENT: Gotion High-tech battery achieves "Made in Germany"

GÖTTINGEN, Germany, September 18, 2023/PRNewswire/ -- On the morning of September 16, the first locally manufactured battery product was officially launched in Göttingen, a famous university town in central Germany.

STATEMENT: Gotion High-tech battery achieves "Made in Germany"

GÖTTINGEN, Germany, September 18, 2023/PRNewswire/ -- On the morning of September 16, the first locally manufactured battery product was officially launched in Göttingen, a famous university town in central Germany. This is a milestone for Gotion's first battery production and exploitation base in Europe. The ceremony was attended by Stephan Weil, Governor of Lower Saxony, and Cong Wu, Consul General of China in Hamburg. On the same day, Gotion also signed cooperation agreements with internationally renowned companies such as BASF, ABB, Ebusco and Ficosa.

At the event, participating guests collectively pressed the start button to formally commission the first automated battery production line at Gotion's German headquarters. When an AGV (Automatically Guided Vehicle) slowly transported the first battery pack from the testing area to the guests, everyone burst into enthusiastic applause. "I'm very lucky, it's a very good time in my life." Andreas, a worker at the Göttingen factory who has just signed the first battery pack, shared his excitement with more than 200 colleagues. The official commissioning and operation of the battery pack production line demonstrates that Gotion has achieved localized production and supply in Europe. Gotion batteries have officially embarked on the path of "Made in Germany".

"The production line at our Göttingen factory is highly automated, with an overall automation level of almost 70%, and close to 80% in the module assembly phase," said Ray Chen, vice president of Gotion Global. Klaus Gohde, general manager of the Göttingen factory, stressed that there is a high degree of consensus and coherence of action among the Göttingen team in promoting the transformation of the factory from the ICE business to that of batteries with a “One Gotion” approach. In addition, Steven Cai, Gotion's technology manager, also revealed the company's strategic planning in Europe. As he presented, the current production capacity plan for the Göttingen factory is 20 GWh, which is expected to be completed in four phases. Once fully operational, it is estimated that it will generate an annual production of 2,000 million euros. Peter Willemsen, COO of Gotion Global and CEO of the German entities, said the spirit of cooperation between China and Europe is important in efforts to "make Europe green again." The first production line at the Gotion factory in Göttingen was officially put into series production today. At present, the factory has received a large number of orders from Europe. It is expected to be able to supply products to European customers from October. By mid-2024, actual production capacity could reach 5 GWh. "The factory's battery products include those for commercial vehicles, energy storage systems and passenger vehicles. In addition, the factory will serve as an R&D, logistics and after-sales service center for Gotion's European production and operations base." .

The high demand for orders was evident at the signing ceremony. On September 16, Gotion High-tech signed cooperation agreements with five internationally renowned companies, covering various aspects such as battery materials, product development and supply of automotive and energy storage products. Specifically, Gotion will continue to collaborate with BASF China on projects related to battery materials. Gotion and ABB of Switzerland will collaborate on battery product supply and technology R&D, to support Gotion's new factories in Europe and the United States. The cooperation with Ebusco will focus on the development and production of energy storage battery systems and wind and solar energy storage projects. Additionally, Gotion will cooperate with Ficosa and Idneo in smart mobile energy storage and charging vehicles, battery banks, battery recycling, BMS and Big Data engineering.

Li Zhen, President of Gotion, gave the opening speech: "We look forward to collaborating with European companies to promote the reduction of carbon emissions in the EU and foster the dynamic growth of both vehicles and new energy industries."

Stephan Weil, Governor of Lower Saxony, expressed in his speech that engines were the most important parts of fuel vehicles in the past, but in the future, batteries will be the core components of electric vehicles. The Göttingen factory project has a clear advantage, as it allows Gotion to manufacture electric battery products in Göttingen that meet the broad market demand for decades to come.

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