Guoxuan High-tech announced investment in new energy battery production bases in Slovakia and Morocco

Gotion High-tech announced plans to invest in the construction of two new energy battery production bases in Slovakia and Morocco, with a total investment of no more than 2.514 billion euros (about 19.1 billion yuan). The project in Slovakia will be implemented by its holding subsidiary GIB EnergyX Slovakia s.r.o., while the project in Morocco will be implemented by its holding subsidiary Gotion Power Morocoo S.A. registered locally. Both projects are aimed at meeting the company's future business development and market expansion needs and promoting the company's internationalization strategy.