-The Göttingen base of Gotion High-Tech Co Ltd. (Gotion High-tech") is expected 
to reach the goal of annual production capacity of 6GWh and 12GWh in two phases 
respectively, thereby enabling the production of Gotion's battery in Europe.
-GenDome, the first portable energy storage brand for overseas markets, was 
launched at the Göttingen base, and it is intended to be produced locally in 
Göttingen.

On 27 June, Gotion High-Tech held the 5th New Energy Economic Forum and the 
Opening Ceremony of Gotion Germany at its Göttingen base. It is noted that the 
Göttingen base, as the first battery production and business operation base of 
Gotion in Europe, is expected to start the transformation by the end of this 
year. Chairman Li Zhen said that Gotion perfectly combined China's advanced 
battery technology with Germany's advanced process engineering, thereby 
enabling the production of Gotion's battery in Europe. At the ceremony, Gotion 
High-Tech also released GenDome, its first portable energy storage product for 
overseas markets and Gendock 3000, its first portable mobile energy storage 
product at the same time.

Wu Ken, the Ambassador Extraordinary and Plenipotentiary of China to Germany, 
Stephan Weil, Premier of lower Saxony, Germany, Petra Broistedt, Mayor of 
Göttingen, Luo Yunfeng, Mayor of Hefei Municipal People's Government, and Li 
Zhen, Chairman of Gotion High-Tech, participated in and witnessed the ceremony.

Göttingen base with annual production capacity of 6GWh in the first phase is 
expected to start transformation by the end of this year

It is noted that the Göttingen base covers a site area of approximately 174,000 
sq.m., and has an existing gross floor area of approximately 40,000 sq.m.. 
According to the plan, the project will be constructed in two phases, namely 
the brownfield plant and the greenfield plant, with an annual production target 
of 6GWh and 12GWh, respectively. The first phase of the brownfield plant 
transformation is expected to be officially launched by the end of 2022, and 
the first production line with an annual capacity of 3.5GWh will be officially 
put into operation in September 2023.  It is expected that the annual 
production capacity target of 18GWh will be achieved after the brownfield and 
greenfield plants of the base are fully put into operation.

Dr. Ahmet Toptas, Head of Göttingen Factory of Gotion Germany, introduced that: 
the Göttingen base will be product-oriented with the ultimate goal of achieving 
carbon neutrality, as well as will build a local product research and 
development team in Europe.

Combined with the development and technology orientation of the new energy 
market in Europe, the base will research and develop new energy battery 
products that cater to the local European market, and carry out the production 
of bus batteries, automotive batteries, energy storage batteries, mobile 
charging and other series of products. In the future, it intends to cover 
customers in sectors of energy storage, commercial vehicles and passenger 
vehicles. "With the advanced lithium iron phosphate battery cell technology of 
Gotion High-Tech, together with experienced German employees, strict quality 
control and high quality requirements of Europe, we intend to cover customers 
in sectors of energy storage, commercial vehicles and passenger vehicles in the 
future, so as to meet the demand of the new energy market in Europe and help 
Gotion High-Tech accelerate the expansion of overseas markets."

The first portable energy storage product for overseas markets will be 
manufactured locally in Göttingen

After releasing the semi-solid battery and the first smart mobile energy 
storage charging pile in May, Gotion High-Tech continuously launched more new 
battery products. At the opening ceremony, the Göttingen base released GenDome, 
the first portable energy storage product for overseas markets, and Gendock 
3000, the first large-capacity portable mobile energy storage product, which 
can convert solar energy and wind energy into electricity; it not only helps 
customers manage the use of household energy and meet the daily needs of 
household and outdoor users, but also meets 99% of customers' power needs, and 
effectively reduces energy bills. The household energy storage product includes 
three different models, which are developed and manufactured by the 
international business team of Gotion High-Tech. In the future, it will mainly 
target the European market. In the later stage, the product will be 
manufactured locally at the Göttingen base.  

On the day of the opening ceremony, the 5th New Energy Economic Forum jointly 
organized by Gotion High-Tech, Committee of 100, Technical University of 
Braunschweig, Göttingen mbH ("GWG"), Die Chinesische Handelskammer in 
Deutschland ("CHKD") and the School of Automobile of Tongji University was 
successfully held at the Göttingen base.  The forum focused on topics such as 
China-Europe economic relations, energy revolution, low-carbon transition and 
new energy market, and attracted senior executives of many famous enterprises 
in the new energy industry, university professors, scholars and relevant 
economic and political officers attended the forum.

Li Zhen, Chairman of Gotion High-Tech said: With Chinese technology and German 
process engineering, we achieve the production of Gotion's battery in Europe"

Li Chen, President of International Business of Gotion High-Tech, introduced in 
the closing speech that Gotion High-Tech is a global company that provides 
energy solutions for suppliers, customers and other partners at home and 
abroad. "We not only focus on the development and promotion of new energy 
battery products, but also strive to develop ToC business at the same time."

According to Li Chen, since May 2022, Gotion high-tech has successively 
released its first self-developed E-PLUS smart mobile energy storage charging 
pile for ordinary consumers and Gendome portable energy storage product for the 
overseas market. In 2025, Gotion High-Tech's global production capacity is 
planned to reach 300GWh, of which overseas production capacity is planned to be 
100GWh.

Li Zhen, Chairman of Gotion High-Tech, said in his speech that today we have 
started the application research and development and product manufacturing of 
Gotion Battery in Germany and Europe. The Göttingen base of Gotion will 
gradually transform from the production of automotive parts in previous years 
to the manufacturing of battery application products, which is a difficult but 
promising process. In this process, we must protect the existing corporate 
culture, proactively participate in the development of Göttingen, and 
accelerate the pace of product transformation. "We will combine China's 
advanced battery technology with Germany's advanced process engineering to 
create more excellent products and contribute to society, so as to promote the 
progress and development of the new energy industry."

*for reference purpose only

SOURCE: Gotion High-tech