Latest news with #GotionHighTech
Yahoo
a day ago
- Automotive
- Yahoo
Chinese automaker-backed firm unveils solid-state batteries with 136 Wh/lb energy density
The Anhui Anwa New Energy Technology, a company backed and partly owned by Chinese automaker Chery, has unveiled its first batch of solid-state battery samples in China. Established in June 2020, Anwa's equity share includes Chery New Energy, which holds a 9.89% stake and battery giant Gotion High-Tech which has a stake of 5.89%. On Friday, Anwa declared that its first batch of solid-state battery samples had completed production at its factory in China's Wuhu Economic and Technological Development Zone. As per domestic media reports, these engineering samples meet the new 'No Fire No Explosion' safety standard. While these first-generation solid-state cells offer an energy density of 136 watt-hours per pound, the company plans to scale up to gigawatt-hour-level production of next-generation batteries. In October 2024, Chery Group had revealed plans to launch solid-state battery production, an announcement which is now being seen to align with the initial packs having successfully rolled off Anwa's assembly line. Anwa's plant uses a fully integrated production line that combines eight processes, including automatic coating of positive and negative electrodes, electrode diaphragm compositing, and dynamic heat sealing. The line is over 115 feet long and operates at a speed of about 66 feet per minute. Its planned annual production capacity is 1.25 GWh. Laser slitting technology is used to reduce dust pollution. To improve efficiency and reduce costs, Anwa has introduced a five-step dry manufacturing process that lowers energy consumption by 20% and reduces fixed asset investment by 30%. This streamlined production method not only helps minimize environmental impact but also makes battery manufacturing more sustainable and cost-effective. Furthermore, the company plans to expand its facilities by establishing a 5 GWh solid-state battery research and development center at the site. Alongside this, Anwa will build a fully integrated automated production line to support large-scale manufacturing and accelerate innovation in solid-state battery technology. Having achieved an energy density of about 136 watt-hours per pound through its first-generation solid-state batteries, Anwa has already started trial production of second-generation battery packs which are expected to deliver an energy density of approximately 181 watt-hours per pound—marking a significant improvement over previous the model. By 2027, Anwa aims to begin mass production of its third-generation solid-state batteries, targeting an energy density of approximately 227 watt-hours per pound. This advancement signals a crucial step forward in battery technology, promising higher capacity and longer driving ranges for electric vehicles, while potentially lowering production costs. If successfully commercialized, the breakthrough could transform the EV market by enhancing vehicle performance and accelerating the shift toward cleaner transportation. Although no official announcements have been made about specific models equipped with these batteries, Chery's Exeed Exlantix ET electric crossover was recently spotted featuring 'All-solid-state battery' branding, suggesting it may be among the first to adopt Anwa's cutting-edge technology.
Yahoo
26-06-2025
- Business
- Yahoo
EHang (EH) Strengthens Giant Gotion Collaboration to Enhance EH216 Aircraft Performance
EHang Holdings Limited (NASDAQ:EH) is one of Goldman Sachs' top Chinese stock picks. On June 18, the company confirmed the expansion of its strategic collaboration with Gotion High-Tech Co, a leading innovator in power battery solutions. A large commercial aircraft soaring through the clouds, its window reflecting the clouds and the blue sky. The enhanced collaboration marks a significant step in the two companies' push to improve electric vertical take-off and landing ('eVTOL') aircraft powering. The company plans to advance the development of power systems for Ehang Holding's flagship EH216 series, a pilotless eVTOL aircraft. The ultimate goal is to enhance the EH216 series range, thrust performance, and operational safety. EHang Holdings and Giant Gotion also plan to advance a safe, intelligent, and sustainable low-altitude transportation ecosystem by leveraging cutting-edge battery technologies. Gotion is to deliver customized battery solutions tailored for the EH216 to contribute to the high-quality development of the low-altitude economy. EHang Holdings Limited (NASDAQ:EH) specializes in developing autonomous aerial vehicle (AAV) technology platforms and solutions. It works on urban air mobility (UAM) and offers products and services for passenger transportation, logistics, innovative city management, and aerial media solutions. While we acknowledge the potential of EH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Biotech Stocks Screaming a Buy and 13 Best Software Stocks to Buy Now. Disclosure: None.
Yahoo
22-05-2025
- Automotive
- Yahoo
Gotion to commence construction of Morocco gigafactory
Gotion Power Morocco, a branch of the Sino-European electric vehicle (EV) battery manufacturer Gotion High Tech, plans to commence construction of its gigafactory in Morocco soon, reported Reuters citing the company's Moroccan head Khalid Qalam. The move follows an investment agreement signed in June 2024 between Gotion High Tech and the Moroccan government. Planned to be built near Kenitra in northwestern Morocco, the proposed gigafactory is expected to mark the first of its kind on the African continent. It involves a total investment of $6.5bn. Qalam was cited by the news agency as saying at an industry conference in Rabat, Morocco, that the groundwork for the site had been finalised. He stated that the facility is expected to begin production in the third quarter of 2026. The project's initial phase will involve an investment of $1.3bn and deliver a production capacity of 20GW. Qalam noted that the company had reached an agreement with the Moroccan government to eventually expand capacity to 40GW in a second phase, though no timeline was disclosed. Beyond battery manufacturing, the facility will also produce cathodes and anodes. Qalam said the intention is to export the majority of production to Europe. "We have already received orders from many European car manufacturers," Qalam added. SK IE Technology Company (SKIET), an EV battery materials manufacturer belonging to South Korea's SK Group, signed a preliminary agreement to supply materials to Gotion High Tech Company. The deal provides for SKIET to supply separator materials for Gotion's EV battery and ESS plants located in the US and Europe. "Gotion to commence construction of Morocco gigafactory – report" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Business Recorder
22-05-2025
- Business
- Business Recorder
China, HK shares end higher, supported by mining and battery stocks
SHANGHAI: China and Hong Kong stocks closed higher on Wednesday, led by mining and battery shares, as a rally in gold prices and the strong Hong Kong debut of CATL boosted sentiment. China's blue-chip CSI 300 Index closed 0.5% up, while the Shanghai Composite Index gained 0.2%. Hong Kong benchmark Hang Seng was up 0.6%. Shares of electric vehicle battery giant CATL rose 10.2% after jumping 16% in their trading debut on Tuesday. Battery concept stock Gotion High Tech traded onshore surged 10%. Hong Kong's IPO market has seen a sharp revival in 2025, with total proceeds year-to-date reaching $9 billion, a 320% year-on-year increase, according to UBS. UBS expects the premium of China's onshore A-shares over their Hong Kong-listed counterparts to narrow in the near term, citing easing US-China tariff tensions and potential renewed investor optimism around artificial intelligence, particularly if DeepSeek unveils an updated model. Mining-related shares climbed after gold prices rose to their highest levels in a week. Zijin Mining climbed 5.9%. Shares of CMOC Group, the world's top cobalt miner, rose 3% after it called on the Democratic Republic of Congo last week to lift a ban on exports of the battery metal, sources told Reuters. Hang Seng Materials Index rose 3.7%.
Reuters
21-05-2025
- Automotive
- Reuters
Gotion to begin building Morocco gigafactory 'within days'
RABAT, May 21 (Reuters) - Gotion Power Morocco, a subsidiary of Sino-European electric vehicle battery maker Gotion High Tech, will begin building its gigafactory in the north African country "within days," the company's Morrocan head Khalid Qalam said on Wednesday. Gotion High Tech signed an investment deal with the Moroccan government in June last year to set up the first gigafactory in Africa near Kenitra, northwestern Morocco, for a total investment $6.5 billion. The company's investment, spurred by government incentives, is in line with Morocco's aim to expand and adapt its automotive sector. Qalam told an industry conference in Rabat the groundwork for the factory had been completed and the first production was expected in the third quarter of 2026. In a first phase, at a cost of $1.3 billion, the plant would have 20 gigawatt capacity, he said, adding the company had agreed with the Moroccan government to increase capacity to 40GW in a second phase. He did not give a timeline. In addition to batteries, the plant will also produce cathodes and anodes, with a view to exporting the bulk to Europe, he said. "We have already received orders from many European car manufacturers," he said. Morocco's geographic location close to Europe and its existing automotive industry make it attractive to Chinese EV battery makers. The country is is home to Stellantis ( opens new tab and Renault ( opens new tab vehicle production plants, and reported a 6.3% increase in automotive sector exports to a record 157 billion dirhams ($17 bln) in 2024, according to official figures.
