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Gotion

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business1 year ago

Gotion Sues Michigan Town Over EV Battery Plant Dispute

Gotion, a Chinese company, is suing Green Charter Township in west Michigan for allegedly blocking a $2.4 billion electric vehicle battery plant. The lawsuit comes after the township's board, which had members elected on an anti-project platform, voted to reverse an agreement crucial to the plant's construction. Gotion claims the delays will harm the region and is seeking a federal judge to order the township to comply with its obligations. The project has faced pushback, including concerns about Chinese government influence and lack of community engagement. Gotion plans to invest $2.4 billion and create thousands of jobs, with support from Michigan officials.

via Detroit Free Press|
#business#ev-battery-plant#gotion
businessindustry2 years ago

Gotion to Invest $2 Billion in Illinois for Massive EV Battery Gigafactory

Gotion, a leading battery manufacturer, has announced plans to invest $2 billion in a new electric vehicle (EV) lithium battery manufacturing plant in Manteno, Illinois. The plant is expected to create over 2,600 new jobs and will focus on lithium-ion battery cell and battery pack production. Gotion's decision to locate its gigafactory in Illinois highlights the state's growing reputation as an EV manufacturing powerhouse and will strengthen the American EV battery supply chain. The investment is supported by the REV Illinois incentive package and the new Invest in Illinois fund.

via Illinois.gov|
#businessindustry#electric-vehicles#gotion
business2 years ago

Controversy Surrounds Michigan's Gotion Battery Plant Funding Approval.

Hundreds of people gathered at a horse farm in Michigan to protest against a proposed $2.3bn electric vehicle battery parts plant by Gotion Inc. due to concerns about the company's ties to China and the environmental impact of the 500-acre battery park. Michigan has awarded the investment a $715m incentive package, including a 30-year tax break valued at $540m and grants totaling $175m. Gotion submitted the project to the Committee on Foreign Investment in the United States for a review, but the company may proceed as the project "was not subject to further review".

via MLive.com|
#battery-plant#business#china
business2 years ago

Michigan approves controversial $175M funding for Chinese-owned EV battery plant.

Michigan lawmakers have approved $175m in taxpayer incentives for Chinese electric vehicle battery maker Gotion's $2.4bn EV battery parts facility near Big Rapids, which is expected to create 2,350 jobs. The project has faced opposition from some lawmakers who have raised concerns about environmental impacts and the company's connections to China. Gotion's US subsidiary has been incorporated in California since 2014, and Volkswagen AG owns about 26% of the company. The project is slated to receive more than $800m in incentives, including the $175m approved by lawmakers.

via Detroit News|
#business#electric-vehicles#gotion