Chinese battery maker Gotion will build a $2 billion EV battery factory in Manteno, Illinois, with plans to begin production in 2024. The battery plant was announced September 8 by Gotion and the State of Illinois, which provided a $536 million incentive package to land the project. Under the terms of the deal, Gotion is also eligible to receive... China’s Gotion will make EV-bound LFP batteries in Illinois
Chinese battery maker Gotion will build a $2 billion EV battery factory in Manteno, Illinois, with plans to begin production in 2024. The battery plant was announced September 8 by Gotion and the State of Illinois, which provided a $536 million incentive package to land the project. Under the terms of the deal, Gotion is also eligible to receive...