On the afternoon of June 24, Argentine Time, Argentine President Alberto 
Fernandez met with Li Zhen, chairman of Gotion High-tech, and his delegation at 
the presidential residence in Olivos, he explicitly supported Chinese 
investment in Argentina, and praised Gotion High-tech's multiple industrial 
investments will promote the development of Argentina's new energy industry. 
The two sides also had friendly exchanges on the "Targets of Carbon Peak and 
Carbon Neutralization" strategy, the new energy vehicle industry, the 
Sustainable Transportation Act and the joint venture between Gotion High-tech 
and Corven, a well-known American auto parts manufacturer, to establish 
electric bus batteries and other topics.

Alberto Fernández said, The world is already shifting to renewable energy. 
Argentina has made incentives for lithium, wind power, photovoltaic and other 
industries. The Development of Sustainable Transport Act, introduced last year, 
it aims to promote investment in electric vehicles, promote the electrification 
of transport and provide legal protection for investors in new energy.

We welcome Chinese investment in Argentina. Gotion High-tech's industrial 
investment activities in Argentina, it cover the development, processing and 
battery products of lithium resources, which accelerates the development of 
local lithium resources and it will help the development and progress of 
Argentina's new energy industry.

Li Zhen said, Since the establishment of diplomatic ties between China and 
Argentina, leaders of the two countries have actively supported complementary 
advantages and economic cooperation between enterprises, especially the "Belt 
and Road" initiative. It provides strategic guidance, points out the direction 
and lays the foundation for inter-enterprise cooperation.

The third energy revolution with solar and wind power as the main body has 
come. To make full use of it, we must have energy storage technology. Gotion 
High-tech has been focusing on energy storage for 16 years. We plan to reach 
300GWh battery production capacity in the world by 2025, which makes 
enterprises' demand for lithium resources more vigorous.

Argentina is the third largest economy in Latin America, with a harmonious 
social system and orderly development of resources, it provides a good external 
environment for enterprises to invest. We have partnered with Jujuy National 
Energy and Mining Company and we will work with Corven in Buenos Aires to 
develop downstream applications. In the next 100 years, new energy vehicles 
will certainly be a new engine for the world economy. Gotion is willing to work 
with visionary people in Argentina to jointly create a new era of energy 
industry.

Daniel Scioli, Argentina's minister of Production and Development, Ariel 
Schale, The industry minister, President Fernandez was accompanied by Cecilia 
Todesca, Minister of International Economic Relations, and Fernanda Avila, 
Minister of Mines, and communicated with the Gotion High-tech team on the 
development of the lithium industry.

SOURCE: Gotion High-Tech