Gotion Plans Manteno, Illinois, EV Lithium Battery Plant
09/11/2023
The new facility, located on approximately 150 acres in Manteno, will focus on lithium-ion battery cell, battery pack production, and energy storage system integration.
"Energy and environmental protection are our common challenges. To address them, solar power, wind, and energy storage systems are becoming the backbone of a new energy system and accelerate the revolution in the global energy landscape,” said Li Zhen, Chairman of Gotion High-tech. “All that we see here [in Illinois] are of enormous value to us: an enabling business environment, a supportive state government for the new energy industry and their highly efficient work, as well as the prospects of the State of Illinois in the coming years. When we come to Illinois, we are not building a new factory but are planning to reuse an existing one and bring it back to life again as our way of cherishing and conserving resources. We believe that Gotion’s battery technology will help to boost e-mobility in North America and the economic and trade exchanges between China and the U.S.”
The project is being supported by a REV Illinois (Reimagining Energy and Vehicles) incentive package, the Invest in Illinois fund, and other incentives, valued at $536 million. Through REV, Gotion is eligible to receive tax benefits totaling $213 million over 30 years. The company was also approved by local authorities for property tax abatement for 30 years.
"Illinois' strategic location and skilled workforce make it an attractive location for EV companies," noted Intersect Illinois CEO Dan Seals. "Gotion will not only bring thousands of jobs and billions of dollars in investment to Illinois, but will also help advance the state's thriving EV ecosystem."
Silicon Valley-based Gotion, Inc. is powered by a leading power battery technology company that provides solutions for vehicles including the world’s first mass commercial e-bus route. The company currently has R&D centers in Ohio, China, Japan, Singapore and Europe.
"Gotion's decision to choose Illinois speaks volumes to our unmatched infrastructure, workforce, and incentives. The historic $2 billion commitment represents the largest EV battery plant investment in Illinois, bolstering the state's EV battery supply chain and helping to attract and retain other heavy hitters in the industry. Most importantly, the gigafactory will create thousands of good-paying, clean energy jobs for hardworking Illinoisans," added DCEO Director Kristin Richards. "With global demand soaring, we're proud to add Gotion's EV batteries to the extensive list of products proudly made in Illinois."
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