Who is Guoxuan high-tech company?

Guoxuan High-tech Co., Ltd. engages in the research and development, manufacture, and sale of power lithium battery. It produces transmission and distribution equipment. It specializes in power lithium-ion battery, monolithic lithium ion battery and cell, and power lithium battery cathode material.

Who is Hefei Guoxuan?

Hefei Guoxuan High-Tech Power Energy Co., Ltd. is a lithium-ion battery manufacturer based in Heifei, Anhui, China. Since it was founded in 2006, the company has been manufacturing and selling high-quality lithium batteries for automobiles and energy storage systems (ESSs), with an annual production of 3.2 GWh in 2017.

Who is Hefei Guoxuan high-tech power energy?

Hefei Guoxuan High-Tech Power Energy is developing business globally, expanding its market in North America and Southeast Asia through bases in the US and Singapore. In March 2017, in order to research and develop next-generation batteries and conduct sales promotion, they established Gotion Japan Co., Ltd., in Tsukuba, Ibaraki.

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 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.

When will Guoxuan's LFP battery cell production start?

Gotion High-Tech, also known as Guoxuan, announced at the China EV100 Forum that the mass-production of its energy-dense LFP (LiPePO4) battery cells will finally start by the end of the year. Hopefully, this time is for real Let’s look at the initial plans and see what comes next. Guoxuan’s LFP battery cell evolution