US EditionChina's Gotion to set up a $2 bln lithium battery plant in Illinois
- Gotion High-tech Co Ltd, a Chinese EV lithium battery maker, plans to establish a $2 billion manufacturing plant in Manteno, Illinois, creating around 2,600 jobs. The facility is expected to produce 10 GWh of lithium-ion battery packs and 40 GWh of lithium-ion battery cells, further promoting e-mobility in North America.
- The project has received significant incentives, including tax benefits totaling $213 million over 30 years and $125 million in capital funding from the state's Reimagining Energy and Vehicles incentive package. Gotion's selection of Manteno has been applauded by local authorities and the Illinois Manufacturers' Association as a major boost to the state's EV industry and clean energy goals.
- The investment aligns with Governor J.B. Pritzker's commitment to making Illinois a hub for EV manufacturing and achieving one million electric vehicles on the road by 2030. The state, already home to automaker Rivian, seeks to fill the void left by Stellantis' plant closure and strengthen its position in the emerging EV market.
16 Articles
16 Articles
Illinois lands Chinese EV battery plant as Pritzker, Duckworth seek more deals with Asian companies
Gotion Chairman Li Zhen, Gov. J.B. Pritzker and Manteno Mayor Timothy Nugent on Friday announced plans for a new Gotion lithium battery plant in Manteno.Provided by Gov. J.B. Pritzker’s office A Chinese battery maker’s decision to open an electric vehicle battery plant in Kankakee County is a huge victory in Gov. J.B. Pritzker’s all-out bid to bring more Asian companies to Illinois. It’s also part of a larger effort. Pritzker and U.S. Sen. Tamm…
Battery Manufacturing Plant Coming to Illinois With $530M Incentive
The roughly $2 billion project is set to create 2,600 jobs and begin production in 2024. The plant will produce battery cells, battery packs like the kinds used in electric vehicles and large-scale energy storage systems.
Battery manufacturing plant coming to Illinois – with $530M incentive deal
A new battery manufacturing plant is set to open in northern Illinois next year after the state offered more than $330 million in tax incentives to make it happen.Gotion, a Chinese battery manufacturing and development company, announced on Friday that it will build a lithium-ion battery manufacturing facility in Manteno, about 50 miles south of Chicago.The roughly $2 billion project is set to create 2,600 jobs and begin production in 2024. The …
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