Guoxuan High-tech has expanded into Europe, North America, and Southeast Asia

In terms of globalization, Guoxuan High-tech has already laid out in many places in Europe, North America, and Southeast Asia. In Europe, Guoxuan High-tech has built its first European battery production and operation base in Göttingen, Germany, with a planned battery pack production capacity of 20GWh. In addition, Guoxuan and European battery manufacturer InoBat (which already has a factory in Slovakia) jointly built 40GWh. In North America, Gotion, a US subsidiary of Guoxuan High-tech, won a local court ruling in Michigan to build an electric vehicle battery material factory. In Southeast Asia, the first phase of Guoxuan's Vietnam base 5GWh LFP battery factory is expected to be put into production in 2023, and a joint venture power battery pack company will be established in Thailand.