Lead Intelligent's Global Lithium Battery Breakthrough
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The global lithium battery industry is experiencing an unprecedented boom, heralding the rise of Chinese lithium equipment manufacturers who are becoming key players in the worldwide marketNot only do these companies support the growth of China's lithium battery and electric vehicle sectors, but they have also demonstrated remarkable international competitiveness during the recent wave of expansion abroadThe rapid increase in overseas business signifies that Chinese lithium equipment firms are entering a phase of reaping rewards, with the potential to become a new growth engine for their operations.
Leading this charge is Gotion High-Tech, a prominent provider of intelligent manufacturing solutions for renewable energy, which serves as a microcosm of the offshore expansion of China's lithium battery equipment sectorSince venturing into the new energy equipment field in 2008, Gotion has leveraged its extensive technological prowess and innovative capabilities to carve a niche in the lithium equipment marketplaceThis has earned it a steadfast position as a supplier for international automotive and battery manufacturers such as Panasonic, LG Chem, Volkswagen, BMW, and Tesla.
Manufacturing lithium batteries involves a complex and meticulous process that can be divided into three major segments: the front-end (electrode manufacturing), the mid-stage (cell assembly), and the back-end (cell packaging and testing). From raw material preparation to the finished battery product, the entire process encompasses hundreds of intricate operations that demand precision and quality assurance.
Gotion High-Tech accomplished the integration of a full production line for lithium batteries as early as 2017, achieving significant progress across all three segments of productionThe company has mastered fundamental processes such as pulping, coating, rolling, die cutting, winding, lamination, assembly, and formation testing, thereby developing a comprehensive suite of intelligent manufacturing solutions
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Over the years, Gotion’s market share has consistently led globally, and it remains the only company worldwide able to provide a full range of intelligent renewable energy equipment solutions.
The past few years have seen Gotion’s international business flourish, reflecting a steadily increasing revenue share derived from overseas operationsAccording to recent reports, in the first half of 2024, Gotion's international revenue reached approximately 1.095 billion yuan, showcasing an extraordinary year-over-year increase of 159.56%. The company's international revenue share climbed to 19.03%, with profit margins advancing to 39.47%, highlighting its strong competitiveness and profitability in global markets.
Noteworthy is Gotion's success in securing significant overseas orders, indicating a robust growth trajectory for its international businessIn March of the previous year, the company signed a partnership agreement with American battery manufacturer ABF to provide a 20GWh lithium battery smart production lineThis marked the largest order for lithium battery equipment obtained by a Chinese company in the United StatesFurthermore, on January 16, 2025, Gotion announced it had secured an order for back-end equipment from a leading lithium battery customer in Europe, which plans to construct a large lithium iron phosphate cell factory in ItalyThis collaboration not only consolidates Gotion's leading position in the European market but also signifies international recognition of its high-end equipment technology.