Posted 9/11/2023, 1:36:12 AM
Chinese Battery Maker Gotion Investing $2B in Illinois EV Plant, Creating 2,600 Jobs
- Chinese battery maker Gotion investing $2B to build EV battery plant in Illinois, creating 2,600 jobs
- Plant in Manteno will be Gotion's first in the U.S., supported by over $500M in state incentives
- Comes amid downturn in Chinese investment in U.S. but shows economics still favor cooperation
- Gotion looking to reuse existing factory, "cherishing resources" per chairman Li Zhen
- Partnerships between U.S. and Chinese auto companies likely to advance despite politics