Gotion High-Tech
Hefei-based lithium battery maker listed in Shenzhen, with power battery, energy storage and power equipment businesses. Volkswagen (China) is its largest shareholder, and it is building a plant in Morocco.
Industry: Lithium-ion batteries and energy storage | Location: Hefei, China | Founded: 2006 | Total Funding: USD 1B
About Gotion High-Tech
Gotion High-Tech Co., Ltd. is a lithium battery manufacturer headquartered in Hefei, Anhui Province, China, and listed on the Shenzhen Stock Exchange under stock code 002074. Its annual report describes two core businesses, power batteries for new energy vehicles and energy storage batteries, plus power transmission and distribution equipment.
The company was founded in 2006 as Hefei Gotion High-tech Power Energy. Li Zhen, its founder and actual controller, serves as chairman and general manager. It listed in Shenzhen in 2015 after a CSRC-approved asset restructuring, having previously traded as Dongyuan Electrical. At the end of 2025 it had 33,087 employees.
Its products include lithium iron phosphate, lithium manganese iron phosphate and ternary cells, modules and battery packs, and energy storage cells and cabinets. The 2025 annual report names Volkswagen Group, Chery, Geely, Changan and Leapmotor among its vehicle customers, and cites cooperation with Vinfast, Tata and Rivian. SNE Research data cited in the report put its 2025 global installed power battery capacity at 53.5GWh, a 4.5 percent share and fifth place worldwide.
Volkswagen (China) Investment became the largest shareholder in December 2021 and held 24.29 percent at the end of 2025. Gotion acquired Bosch's plant in Göttingen, Germany, in 2021 and raised US$685 million from a GDR listing on the SIX Swiss Exchange in July 2022. In January 2025 it set up Saudi Arabia Gotion New Energy Co., Ltd. as a wholly owned subsidiary. The annual report lists a Morocco battery production base under construction. In July 2026 the African Development Bank approved a €100 million loan to Gotion Power Morocco for an integrated lithium iron phosphate plant in the Rabat-Salé-Kénitra Free Trade Zone, with a first phase of 10GWh a year, and TechScoop reported an initial investment of about US$1.3 billion.
For 2025 Gotion reported operating income of RMB 45.07 billion, up 27.35 percent, and net profit attributable to shareholders of RMB 2.38 billion, against RMB 1.21 billion in 2024. Total assets were RMB 127.21 billion at year end, and the board proposed a cash dividend of RMB 1.00 per 10 shares.
Leadership
- Li Zhen, Chairman and General Manager
- Wang Qisui, Director, Vice General Manager and Executive President
- Zhang Yifei, Finance Chief
- Chen Wei, Vice General Manager and President, China Business Segment
- Zhang Wei, Vice General Manager and President, Energy Storage Segment
- Wang Quan, Secretary of the Board of Directors
- Steven Cai, Director and Senior Vice President, Europe and Africa Market
- Olaf Korzinovski, Director