How is Guoxuan High-tech s energy storage cabinet

Who is Guoxuan high-tech?

As a key player among China’s cadre of EV battery makers leading electrification efforts worldwide, Guoxuan High-Tech (Gotion High-Tech) kicked off 2024 with an agreement to cooperate with Chery Automobile in exploring innovation in passenger cars and commercial vehicles, as well as opportunities in the new energy vehicle market.

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.

Who is Hefei Guoxuan Hi-Tech Power Energy Co?

In the agreement announced Jan. 8., Hefei Guoxuan Hi-Tech Power Energy Co, a subsidiary of Guoxuan, will participate in product development while serving as main supplier. The partnership’s scope will encompass battery cell consistency and safety, big data, and even new business areas including electric ships.

What makes Guoxuan a good R&D company?

As an R&D intensive enterprise, Guoxuan has a strong core knowledge of research, development and manufacturing of lithium-ion and other types of batteries. The joint laboratory complements Guoxuan's existing R&D institutes located in Hefei and Shanghai in China, Silicon Valley and Cleveland in the United States, and Tsukuba in Japan.

What can NTU do with Guoxuan?

NTU President Professor Subra Suresh said, "NTU's collaboration with Guoxuan will push the boundaries and performance of batteries, energy storage and green transportation technologies, which are at the core of electric vehicles and renewable energy deployment.