Chinese battery manufacturer Gotion High-Tech is focusing on European BESS projects. It plans to build energy storage plants in Spain as it continues to advance its efforts in international markets.
Gotion, backed by the German Volkswagen Group (26.47 % of the shares), signed a cooperation agreement with Spain’s Phi4Tech Technology Group, with business operations spanning from raw material extraction (nickel, lithium) to storage projects and material design, and the UAE’s Unicorn RE, focusing on investments between China and Europe, the Chinese magazine CnEVPost said.
According to the agreement, Gotion High-Tech will engage in comprehensive cooperation with its partners in the European energy sector, covering everything from new materials to final energy solutions. The company plans to establish new BESS units in Spain in the coming years. This collaboration not only opens new growth opportunities for Gotion High-Tech’s European-African division in the energy storage market but also creates new prospects for the development of the new-energy industry chain in Southern Europe, with a surplus of renewable solar and wind power resources.
Li Zhen, Chairman of Gotion High-Tech, remarked, “The collaboration in energy storage and new energy materials will contribute positively to Europe’s energy transition. This is a beneficial exploration of cooperation between Chinese and European companies in facing future energy transformations.”
Antonio Román, Chairman of Spain’s Phi4Tech Technology Group, stated, “This cooperation will greatly enhance our technological level and market competitiveness.”
Shanghai-based Gotion operates at five locations outside China. The company is one of the world’s largest battery makers, ranking fifth in China with 4 % market share and ninth globally with a 2.1 % share of the world’s installed-base of power batteries, according to the South Korean market researcher SNE Research. Its main products are lithium iron phosphate materials and batteries, ternary batteries, power battery packs, battery management systems and energy storage batteries.
