Chinese battery maker powers SAIC's economy EV

Gotion High-Tech's low-cost LFP batteries seen doubling driving range by 2030

Volkswagen group Cupra unveils its new EV car, which will be equipped with a battery from Gotion High-Tech. © Reuters

NAOSHIGE SHIMIZU, Nikkei staff writer

July 11, 2022 14:06 JST

TOKYO -- Chinese battery maker Gotion High-Tech plans to nearly double the energy density of lithium iron phosphate (LFP) batteries by 2030, which could in turn double the driving range of electric vehicles and significantly reshape competition in the battery sector.

Gotion High-Tech is noted for its low-priced LFP batteries used in the $4,500 Hongguang Mini EV from SAIC-GM-Wuling Automobile.