Chinese companies face challenges in the US market; CATL and Gotion High-tech are expanding in the US

In order to enter the US market and support downstream customers, domestic leading battery companies such as CATL and Guoxuan High-tech have already set up operations in the US. For example, CATL will provide planning and operation services for Ford Motor's new battery factory in the US, while Guoxuan High-tech is building a lithium battery factory in Illinois, USA.