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Are Chinese battery makers building overseas factories?

Chinese battery maker Gotion showcases its battery cells at the 2023 China International Energy Storage and Lithium Battery Technology Exhibition in Shanghai in July. [Photo/VCG] In response to growing demand and stricter policy restrictions, Chinese battery makers are ramping up efforts to construct overseas factories.

Can battery companies expand overseas?

However, as the US and Europe introduce related entry policies, battery companies are facing numerous international regulatory and legal challenges, making overseas expansion much more difficult.

Will tesla open a Megapack battery plant in Shanghai?

Tesla's plan to open a Megapack battery plant in Shanghai was announced In April 2023, cementing another foothold for the company in China. The land acquisition deal for the project was signed in December of the same year, and it received a construction permit earlier this month.

Where will EV batteries be made?

Just five days earlier, Anhui-based Gotion unveiled plans to set up a $2 billion EV lithium battery manufacturing plant in Illinois, the United States. Located in the city of Manteno, the facility is expected to produce 10 gigawatt-hours of lithium-ion battery packs and 40 GWh of lithium-ion battery cells a year when it begins production next year.

Are Chinese battery companies going global?

Since last year, leading Chinese battery companies such as CATL, Gotion High-Tech, EVE Energy, Envision AESC, Farasis Energy, and REPT have accelerated their steps to "go global."

How many lithium battery factories are there in China?

Currently, Chinese battery companies have over 25 overseas factory projects, with a total planned capacity exceeding 500 GWh. The projects in the lithium battery industry chain are numerous, with sites spanning Europe, Southeast Asia, and other regions.