Guoxuan High-tech Energy Storage Lithium Battery Project

Who owns Guoxuan battery?

Company Chairman Zhen Li drew inspiration from his 2005 visit to the University of Science and Technology of China and built a team to pursue battery research. Guoxuan launched its high-capacity lithium iron phosphate (LFP) battery in 2007. In 2021, Volkswagen became the largest shareholder of Gotion High-Tech.

How will Guoxuan improve its energy storage capacity?

Guoxuan will also strive to improve the energy storage capacity of its batteries, raising the energy density of its lithium iron phosphate batteries to 260 watt-hours per kilogram and that of its MnNiCo ternary batteries to 350 Wh/kg by 2022, said Huang. German carmaker Volkswagen is Guoxuan’s biggest shareholder.

What is gotion hi-tech Xinzhan 50gwh power battery project?

As an essential part of Gotion Hi-Tech's globalization strategy, after the Xinzhan 50GWh power battery project is produced, it will provide a new generation of battery technology and products for world-class automobile companies. On December 7, the Gotion High-tech 50GWh power battery project officially started in Hefei Xinzhan High-tech Zone.

How good is Guoxuan Hi-Tech's Performance?

Recently, public new energy battery companies have disclosed their performance metrics. Notably, Guoxuan Hi-Tech's 2022 annual report and first-quarter report reveal impressive growth. The company's revenue for 2022 exceeded 23.052 billion yuan ($3.22 billion), marking a 122.59% year-on-year increase.

Will China's Guoxuan reach 100 gigawatt-hours by 2025?

China’s Guoxuan Hits Limit Up on Plans to Almost Quadruple Lithium Battery Output by 2025 (Yicai Global) Oct. 22 -- Guoxuan High-Tech Power Energy shot up by the exchange-imposed limit today on plans to nearly quadruple its lithium power battery production capacity to 100 gigawatt-hours by 2025, internet news hub QQ.com reported today.

Who is Hefei Guoxuan Hi-Tech Power Energy Co?

In the agreement announced Jan. 8., Hefei Guoxuan Hi-Tech Power Energy Co, a subsidiary of Guoxuan, will participate in product development while serving as main supplier. The partnership’s scope will encompass battery cell consistency and safety, big data, and even new business areas including electric ships.