Gotion was founded as
Hefei Guoxuan Hi-Tech Power Energy (later anglicized to
Gotion) in 2006 in
Hefei by Zhen Li. The company struggled financially for several years before the Chinese government began heavily subsidizing the country's lithium-ion battery industry in 2009. via a
reverse takeover of Jiangsu Dongyuan Electrical Group Co. In 2022, it also listed in Switzerland on
SIX Swiss Exchange, raising US$685 million.
Overseas expansion Gotion has actively pursued expansion abroad. It currently operates factories in
Göttingen, Germany and
Fremont, California. It has also announced factories in
Big Rapids, Michigan;
Manteno, Illinois; and
Kenitra, Morocco. It has also purchased a 25% stake in InoBat Batteries, a Slovakian battery manufacturer. ==Alleged employment discrimination==