Gotion's Colossal Battery Factory In Michigan Is Dead

"In 2022, the Chinese company Gotion High-Tech began construction of a $2.4 billion battery factory in Northern Michigan, promising 2,350 high-paying jobs and one of the state's largest economic development projects. The State of Michigan promised more than $100 million in subsidies to the battery company, of which it had already disbursed over $23 million to help Gotion acquire land near Big Rapids."

"Gotion High-Tech is one of the world's largest battery manufacturers, accounting for 3.6% of the global cell manufacturing capacity between January and August of this yearwhich nearly equals Panasonicaccording to Korean market research firm SNE Research. It specializes in lithium iron phosphate (LFP) batteries and traditional nickel manganese cobalt (NMC) packs. The company also started pilot production of its Gemstone solid-state batteries in China this year, which it says can deliver more than 620 miles of range (1,000 kilometers) when they enter commercial production."

"Chinese battery giant Gotion High-Tech wanted to bring local manufacturing of lithium-ion batteries to Michigan. The state's economic development corporation initially backed the plant, but has since rescinded its support. Gotion planned to train American workers to make cutting-edge batteries and promised 2,350 high-paying jobs. The company wanted to bring its battery expertise to America, but has been roiled by controversies since construction began in Green Charter Township in 2022."

Gotion High-Tech began building a $2.4 billion lithium-ion battery factory in Northern Michigan in 2022, promising 2,350 high-paying jobs and large economic investment. The State of Michigan pledged more than $100 million in subsidies and disbursed over $23 million to help Gotion acquire land near Big Rapids. The state's economic development division has rescinded its support, canceled remaining subsidies, and is seeking repayment of funds. Gotion supplies about 3.6% of global cell manufacturing capacity and produces LFP and NMC batteries while piloting Gemstone solid-state cells that claim over 620 miles of range. Michigan lawmakers allege a grant agreement violation after more than 120 days without eligible activity at the site, and local leaders have pressured cancellation amid concerns about the company.

Read at insideevs.com