WebApr 21, 2024 · Last December, Gotion completed a private placement to Volkswagen, increasing Volkswagen China’s shareholding in it to 441 million shares, or 26.47 percent, making it the largest shareholder. The stake held by Gotion’s Chairman Li Zhen and his concerted action partners dropped to 18.17 percent, making him the second-largest … WebMay 29, 2024 · At the same time, the controlling shareholders of Gotion will transfer approximately 5% of the total share capital of Gotion to VCIC, making VCIC the largest shareholder after the Transaction. The parties also reached a series of strategic arrangements in connection with supply of battery products.
What Is The Ownership Structure Like For Gotion High-tech Co.,Ltd …
WebSep 15, 2024 · With global factories and backing from majority shareholder Volkswagen, Gotion is expanding manufacturing with planned production facilities in the U.S. Gotion has R&D and product development teams in the U.S, to support its EV and energy storage system (ESS) business. Gotion's range of products for ESS includes battery cells, packs, racks … WebJul 13, 2024 · Volkswagen Group and Gotion High-Tech Co., Ltd. deepen their partnership. Based on a substantial shareholding agreement in May 2024, the Wolfsburg-based automobile company entered a strategic cooperation framework with the major Chinese battery producer headquartered at Hefei. The goals of both partners are to industrialize … low insurance rate cars used
GOTION and Volkswagen China entered into strategic cooperation …
WebMar 23, 2024 · Gotion Inc., he said, is incorporated in the U.S. as a wholly owned subsidiary of Gotion High-Tech, which holds about 3.5 percent of China’s EV battery market share … WebJul 21, 2024 · Volkswagen became the largest shareholder in Gotion High-Tech in May 2024 – for around one billion euros. Among other things, Gotion wants to use the money to build a factory for cathode materials with a high nickel content in Hefei. This factory, announced in July 2024, is to start test operations in 2024. Web2 days ago · Gotion Inc.'s plant, under scrutiny for potential ties to China, was the only plant in a transfer fund package to not yet get the Senate's go-ahead for funding. Skip … jason pang microsoft