September 14, 2023: China-based Gotion Hi-Tech is to start production at a $2 billion EV battery manufacturing plant in Illinois next year, the state’s governor announced on September 8.
Jay Pritzker (pictured) said Gotion had secured a state investment and incentives package to transform a former plant site in Manteno into the gigafactory.
Gotion’s total incentives package from Illinois is valued at $536 million, including eligibility for tax benefits totaling $213 million over 30 years.
The company has to invest a minimum of $1.9 billion and create 2,600 full-time jobs.
The 150-acre facility will focus on lithium ion cells, battery pack production and energy storage systems.
Manteno is expected to eventually produce around 10GWh of battery packs and 40GWh of cells annually.
Gotion will be the first recipient of Invest in Illinois funding, which was signed into law in early 2023 to make the start more attractive when vying for large projects such as those in the clean energy sector.
Gotion chairman Li Zhen said his firm’s battery tech would help to boost e-mobility in North America as well as economic and trade exchanges between China and the US.