Guoxuan plans to build new factories in Morocco and Slovakia with a total capacity of 40GWh

Guoxuan High-tech announced that it will invest in building new factories in Morocco and Slovakia, each with a production capacity of 20GWh. The total investment in these two projects is expected to be no more than 2.514 billion euros. The purpose of building a factory in Slovakia is to better serve customers and expand overseas markets, and to promote the company's internationalization strategy. The purpose of building a factory in Morocco is to take advantage of the local industrial foundation and location advantages to achieve local independent supply of power batteries.