Latest news with #Gotion
Yahoo
18-06-2025
- Business
- Yahoo
EHang and Gotion High-Tech Join Forces to Power the Future of Low-Altitude Economy
GUANGZHOU, China, June 18, 2025 (GLOBE NEWSWIRE) -- EHang Holdings Limited (Nasdaq: EH) ('EHang' or the 'Company'), the world's leading Urban Air Mobility ('UAM') technology platform company, today announced the expansion of its strategic partnership with Gotion High-Tech Co., Ltd. ('Gotion'), a leading innovator in power battery solutions. Building on a power system framework agreement signed in December 2023, this enhanced collaboration marks a significant step forward in powering the electric vertical take-off and landing ('eVTOL') aircraft. Under the upgraded partnership, the two companies will jointly advance the development of power systems for EHang's flagship EH216 series of pilotless eVTOL aircraft, with plans to extend their collaboration to future aircraft models. By leveraging cutting-edge battery technologies, the partnership aims to accelerate the advancement of a safe, intelligent, and sustainable low-altitude transportation ecosystem and contribute to the high-quality development of the low-altitude EHang and Gotion Cooperation Signing Ceremony As part of the agreement, Gotion will deliver a customized battery solution tailored to the EH216 series. At the core of the solution is Gotion's newly developed 46-series cylindrical battery cell, which offers high energy density and robust power output. The next-generation battery system is expected to significantly enhance the EH216 series aircraft in flight range, thrust performance, and operational safety -- further improving the aircraft's efficiency across a variety of use cases and strengthening its readiness for future scaled commercial deployment. Beyond the product – level improvements, the partnership marks a strategic step toward building an integrated eVTOL energy ecosystem. EHang and Gotion plan to broaden their cooperation across EHang's future aircraft lineup, jointly advancing battery innovation aimed at delivering safer, more efficient, and cost-effective eVTOL solutions. These efforts will help accelerate the commercialization of UAM and low-altitude logistics networks. Gotion's expertise in standardized, platform-based battery systems is expected to be a key enabler of EHang's long-term competitiveness in the global market. Changqing Yan, Chief Operating Officer of Gotion's Asia-Pacific Business Division, commented: "Gotion is committed to advancing transportation electrification through cutting-edge battery technology. The low-altitude economy is a strategically important and rapidly emerging sector, and EHang's pioneering position and remarkable achievements in the eVTOL space are widely recognized. This partnership enables the deep integration between our high-performance battery system and EHang's advanced aircraft — addressing current upgrade needs while laying a solid foundation for next-generation air mobility solutions. We look forward to exploring this expansive blue-sky market'. Shuai Feng, Senior Vice President of EHang, commented: 'We are excited to join hands with Gotion, a partner distinguished by its cutting-edge technology and a forward-looking vision. Their advanced 46-series cylindrical cell technology will significantly enhance the performance of our EH216 series, pushing the performance boundaries even further. This is not just an upgrade in energy — it opens up disruptive possibilities for the next generation of eVTOL aircraft. We are confident that our collaboration will help set new industry benchmarks in both performance and safety in the future of low-altitude aviation." EHang remains committed to developing safer, more efficient and sustainable energy solutions that meet the demands of pilotless eVTOL aircraft — including high energy density, extended range, and enhanced reliability. This partnership with Gotion marks an important milestone in EHang's continued innovation in aircraft power systems. Looking ahead, EHang will further drive collaborative progress across the UAM ecosystem through technological innovation, contributing to the safe and sustainable growth of the low-altitude economy both in China and globally. About EHang EHang (Nasdaq: EH) is the world's leading urban air mobility ('UAM') technology platform company. Our mission is to enable safe, autonomous, and eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with unmanned aerial vehicle ('UAV') systems and solutions: air mobility (including passenger transportation and logistics), smart city management, and aerial media solutions. EHang's flagship product EH216-S has obtained the world's first type certificate, production certificate and standard airworthiness certificate for pilotless eVTOL issued by the Civil Aviation Administration of China ('CAAC'). In 2025, EH216-S eVTOL operators have been granted the first batch of Air Operator Certificates for human-carrying pilotless eVTOL flight services for mass consumers issued by the CAAC. As the forerunner of cutting-edge UAV technologies and commercial solutions in the global UAM industry, EHang continues to explore the boundaries of the sky to make flying technologies benefit our life in smart cities. For more information, please visit About Gotion Gotion is a global leader in power battery technology and product solutions, specializing in the research, development, production, and sales of lithium power batteries and energy storage batteries. The company has built strong capabilities in battery materials, system integration, and the development of cutting-edge technologies. It is at the forefront of the industry in the cutting-edge fields of solid-state and quasi-solid-state battery. Safe Harbor Statement This press release contains statements that may constitute 'forward-looking' statements pursuant to the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'aims,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'likely to' and similar statements. Statements that are not historical facts, including statements about management's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to those relating to certifications, our expectations regarding demand for, and market acceptance of, our products and solutions and the commercialization of UAM services, our relationships with strategic partners, and current litigation and potential litigation involving us. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management's control. These statements involve risks and uncertainties that may cause EHang's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Media Contact: pr@ Contact: ir@ A photo accompanying this announcement is available at
Yahoo
18-06-2025
- Business
- Yahoo
EHang and Gotion High-Tech Join Forces to Power the Future of Low-Altitude Economy
GUANGZHOU, China, June 18, 2025 (GLOBE NEWSWIRE) -- EHang Holdings Limited (Nasdaq: EH) ('EHang' or the 'Company'), the world's leading Urban Air Mobility ('UAM') technology platform company, today announced the expansion of its strategic partnership with Gotion High-Tech Co., Ltd. ('Gotion'), a leading innovator in power battery solutions. Building on a power system framework agreement signed in December 2023, this enhanced collaboration marks a significant step forward in powering the electric vertical take-off and landing ('eVTOL') aircraft. Under the upgraded partnership, the two companies will jointly advance the development of power systems for EHang's flagship EH216 series of pilotless eVTOL aircraft, with plans to extend their collaboration to future aircraft models. By leveraging cutting-edge battery technologies, the partnership aims to accelerate the advancement of a safe, intelligent, and sustainable low-altitude transportation ecosystem and contribute to the high-quality development of the low-altitude EHang and Gotion Cooperation Signing Ceremony As part of the agreement, Gotion will deliver a customized battery solution tailored to the EH216 series. At the core of the solution is Gotion's newly developed 46-series cylindrical battery cell, which offers high energy density and robust power output. The next-generation battery system is expected to significantly enhance the EH216 series aircraft in flight range, thrust performance, and operational safety -- further improving the aircraft's efficiency across a variety of use cases and strengthening its readiness for future scaled commercial deployment. Beyond the product – level improvements, the partnership marks a strategic step toward building an integrated eVTOL energy ecosystem. EHang and Gotion plan to broaden their cooperation across EHang's future aircraft lineup, jointly advancing battery innovation aimed at delivering safer, more efficient, and cost-effective eVTOL solutions. These efforts will help accelerate the commercialization of UAM and low-altitude logistics networks. Gotion's expertise in standardized, platform-based battery systems is expected to be a key enabler of EHang's long-term competitiveness in the global market. Changqing Yan, Chief Operating Officer of Gotion's Asia-Pacific Business Division, commented: "Gotion is committed to advancing transportation electrification through cutting-edge battery technology. The low-altitude economy is a strategically important and rapidly emerging sector, and EHang's pioneering position and remarkable achievements in the eVTOL space are widely recognized. This partnership enables the deep integration between our high-performance battery system and EHang's advanced aircraft — addressing current upgrade needs while laying a solid foundation for next-generation air mobility solutions. We look forward to exploring this expansive blue-sky market'. Shuai Feng, Senior Vice President of EHang, commented: 'We are excited to join hands with Gotion, a partner distinguished by its cutting-edge technology and a forward-looking vision. Their advanced 46-series cylindrical cell technology will significantly enhance the performance of our EH216 series, pushing the performance boundaries even further. This is not just an upgrade in energy — it opens up disruptive possibilities for the next generation of eVTOL aircraft. We are confident that our collaboration will help set new industry benchmarks in both performance and safety in the future of low-altitude aviation." EHang remains committed to developing safer, more efficient and sustainable energy solutions that meet the demands of pilotless eVTOL aircraft — including high energy density, extended range, and enhanced reliability. This partnership with Gotion marks an important milestone in EHang's continued innovation in aircraft power systems. Looking ahead, EHang will further drive collaborative progress across the UAM ecosystem through technological innovation, contributing to the safe and sustainable growth of the low-altitude economy both in China and globally. About EHang EHang (Nasdaq: EH) is the world's leading urban air mobility ('UAM') technology platform company. Our mission is to enable safe, autonomous, and eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with unmanned aerial vehicle ('UAV') systems and solutions: air mobility (including passenger transportation and logistics), smart city management, and aerial media solutions. EHang's flagship product EH216-S has obtained the world's first type certificate, production certificate and standard airworthiness certificate for pilotless eVTOL issued by the Civil Aviation Administration of China ('CAAC'). In 2025, EH216-S eVTOL operators have been granted the first batch of Air Operator Certificates for human-carrying pilotless eVTOL flight services for mass consumers issued by the CAAC. As the forerunner of cutting-edge UAV technologies and commercial solutions in the global UAM industry, EHang continues to explore the boundaries of the sky to make flying technologies benefit our life in smart cities. For more information, please visit About Gotion Gotion is a global leader in power battery technology and product solutions, specializing in the research, development, production, and sales of lithium power batteries and energy storage batteries. The company has built strong capabilities in battery materials, system integration, and the development of cutting-edge technologies. It is at the forefront of the industry in the cutting-edge fields of solid-state and quasi-solid-state battery. Safe Harbor Statement This press release contains statements that may constitute 'forward-looking' statements pursuant to the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'aims,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'likely to' and similar statements. Statements that are not historical facts, including statements about management's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to those relating to certifications, our expectations regarding demand for, and market acceptance of, our products and solutions and the commercialization of UAM services, our relationships with strategic partners, and current litigation and potential litigation involving us. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management's control. These statements involve risks and uncertainties that may cause EHang's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Media Contact: pr@ Contact: ir@ A photo accompanying this announcement is available at in to access your portfolio
Yahoo
11-06-2025
- Business
- Yahoo
Township Seeks Cannabis Funds for Legal Challenge
Green Charter Township has been locked in a legal battle with Gotion, a Chinese battery manufacturer, for more than a year now. At one time, Gotion was set to build a $2.6 billion electric vehicle battery factory near the central Michigan town. Most Read on IEN Ship Carrying 3,000 Vehicles Abandoned in Pacific Ocean Raccoon Break-In Snarls Airbus Jet Production PODCAST: Ford Sues Lawyers; Shoemaker Outsmarts Tariffs; RIP Penny Oreo Maker Mondelez Sues Aldi But last year, after new leadership in Green Township changed its mind about the project, Gotion filed suit, alleging it stands to lose millions if the deal does not go through as originally agreed upon. Green leaders have countered with arguments that the township's previous leaders were never authorized to execute a development deal with Gotion. Now Green is digging in for its standoff in court with Gotion and seeking funds from a somewhat unlikely source to help pay for the challenge to a judge's decision in favor of the battery maker. According to the Detroit News, the township has submitted a request for $200,000 of Mecosta County's cannabis excise tax revenue to help cover legal bills. It's equal to about 30% of cannabis tax funding awarded to the county by the state. The problem is that Green Township doesn't allow cannabis retailers to set up shop within its confines. As the report points out, most of the dispensaries in Mecosta County are in nearby Big Rapids. It's caused some controversy over Green wanting a piece of the revenue from an industry it banned. Green Township's issues with Gotion not only stem from the deal forged with its former leadership. There are also concerns regarding the environmental impact of the factory and Gotion's ties to China. If the plant is eventually built as originally planned, it could create as many as 2,350 jobs while gobbling up $175 million in state incentives. Click here to subscribe to our daily newsletter featuring breaking manufacturing industry news.
Miami Herald
10-06-2025
- Business
- Miami Herald
China EV company ignites surprising jobs controversy in U.S.
Jim Chapman, newly appointed township supervisor of Green Charter Township in Western Michigan, quickly realized that his responsibilities extended beyond simple governance. His town, a small rural community, had faced economic decline for decades. Many young residents left searching for better opportunities, leaving behind an aging population with limited prospects. But in the summer of 2022, Chapman learned of a potential game-changing investment - a major international electric vehicle battery manufacturer planned to build a factory in town. Don't miss the move: Subscribe to TheStreet's free daily newsletter With a price tag of $2.4 billion and the promise of more than 2,000 well-paying jobs, Chapman saw the project as the kind of economic revival the town desperately needed. Related: Shark Tank's Kevin O'Leary makes bold prediction on U.S. economy As plans advanced, Chapman discovered that the company behind the factory was Gotion, an American subsidiary of a Chinese electric vehicle battery manufacturer. The company had grown rapidly, benefiting from China's push into the EV market and strategic expansions into the U.S. By 2023, Chapman had facilitated infrastructure improvements, and Gotion secured state subsidies to make the project viable. Initially, he believed concerns about the company's origins were secondary to the economic benefits. He remained committed to bringing manufacturing back to the U.S., seeing it as aligned with broader American economic goals. Opposition emerged when residents learned of the plan through grassroots efforts. Local realtor Lori Brock received an anonymous warning, prompting her and many others to attend township meetings. Crowds packed the venue, and for four hours, townspeople vented their frustration, accusing officials of pushing the project without transparency. Environmental concerns dominated the discourse - citizens worried about water consumption and potential contamination risks. Skeptical of Gotion's assurances, the community feared the factory would permanently alter their way of life. "I listened to four hours of straight public comment ridiculing him (Chapman), just screaming at the whole board, telling them how unethical they were and horrible people and how they were a disgrace," Brock told NPR in an intriguing, lengthy Planet Money report. "I mean, four hours of it, just irate people." More on the U.S. economy: Dave Ramsey sounds alarm for Americans on Social SecurityScott Galloway warns Americans on 401(k), US economy threatShark Tank's Kevin O'Leary has message on Social Security, 401(k)s Residents also questioned whether the promised jobs would resemble the union positions that once defined Michigan's automotive industry. They doubted whether local workers would truly benefit from the factory's presence. As debates intensified, Chapman's vision of economic renewal transformed into a political battleground. What seemingly began as a hopeful opportunity to restore prosperity to Green Charter Township became an emblem of the tensions between globalization and small-town values, exposing deeper concerns about the industries communities want shaping their futures. Related: Dave Ramsey sends strong statement on Costco A major issue in the heated debate was Gotion's connection to China. Many residents saw China as a geopolitical adversary and questioned why the U.S. should subsidize a Chinese-owned company. The feared that Gotion could be a Trojan horse for the Chinese Communist Party (CCP) fueled outrage, with concerns about potential infiltration of a local cybersecurity program. Gotion's articles of incorporation in China contained standard party activity agreements, but company representatives insisted its U.S. operations were independent. Opponents, known as the No Go movement, accused Chapman and his board of corruption, NPR reported. As tensions mounted, the No Go movement coalesced around a strategy - recalling Chapman and his board members from office. By the fall of 2023, their efforts materialized into a recall election, aiming to take control of the local government and stop the factory's construction. Their campaign was highly organized, featuring door-to-door canvassing, phone banking, and even political advertisements. With support from prominent Republican politicians, No Go activists gained traction. In early 2024, Green Charter Township held its recall vote, resulting in Chapman and his entire board being ousted. The newly elected No Go politicians swiftly moved to block the factory. In response, Gotion sued the township, leaving the project in limbo. Chapman still hopes the plant will open and believes the factory would bring much-needed economic growth, according to NPR, while Brock maintains that manufacturing belongs in the U.S. - just not this factory in this town. Related: Scott Galloway sends bold statement on Social Security, US economy The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Fibre2Fashion
10-06-2025
- Business
- Fibre2Fashion
BASF forms clean energy alliance with Gotion & China Gas
During the 2025 Shanghai International Carbon Neutrality Expo in Technologies, Products and Achievements (CNE), BASF entered into a four-party strategic partnership with Hefei Gotion High-Tech Power Energy Co., Ltd. (Gotion), China Gas Holdings Limited (China Gas), and BASF Shanshan Battery Materials Co., Ltd. (BASF Shanshan). At the 2025 Shanghai Carbon Neutrality Expo, BASF, Gotion, China Gas, and BASF Shanshan formed a strategic alliance to advance energy storage systems, next-gen battery materials, and clean energy projects. The partnership aims to build a closed-loop new energy ecosystem, supporting China's dual carbon goals through innovation and collaboration. This strategic collaboration will focus on the joint development of energy storage systems, the application of next-generation battery materials, the commercialization of energy storage projects, and green energy solutions. The four parties aim to establish a strategic alliance to build a closed-loop ecosystem for the new energy value chain. The strategic partnership also strives to further innovate in energy storage technologies and promote mass adoption of clean energy, supporting China's 'dual carbon' goals. 'We need more partners to join our efforts to achieve the 'dual carbon' goals and green transformation,' said Dr. Jeffrey Lou, President and Chairman of BASF Greater China. 'We firmly believe that through our strong alliance with Gotion, China Gas, and BASF Shanshan, we will further accelerate innovation in energy storage technologies and the wide adoption of clean energy. Together, we will create strong synergies and expedite our common goal of achieving sustainability.' Desmond Long, CEO of BASF Shanshan, stated that BASF Shanshan has been deeply engaged in the battery materials industry for 22 years, focusing on independent research and development with strong technological innovation capabilities. The company has consistently served the electric vehicles and consumer electronics sectors, contributing to the development of the new energy industry. 'We are excited to collaborate with BASF China and our partners in the industry to promote the advancement of circular economy by fully leveraging each party's strengths in technologies and resources,' said Desmond Long. 'Gotion will focus on the market development of this partnership and drive its implementation. By leveraging the material expertise of BASF and BASF Shanshan, alongside the extensive network resources of China Gas, we will target key sectors such as industrial and commercial energy storage, integrated photovoltaic charging, storage and swapping stations. To support this, we will also establish a dedicated team to develop tailored market strategies,' stated Qisui Wang, Executive President of Gotion. 'By integrating the technological strengths of our partners, I am confident that we will deliver solutions that are both cost-effective and technologically advanced, setting a new industry standard.' Minghui Liu, Chairman and President of China Gas, emphasized that as they accelerate toward its dual carbon goals, the strategic partnership among the four parties marks a significant milestone in China Gas's expansion into the new energy sector. This collaboration not only promotes the adoption of clean energy but also pioneers an innovative 'energy storage + biomass' model, supporting the China Gas Group's transformation into a low-carbon, intelligent integrated energy service provider. Minghui Liu expressed strong confidence in the partnership, 'China Gas looks forward to working with all stakeholders to build a resilient new energy ecosystem and deliver safe, efficient, and sustainable energy solutions.' Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (HU)
