Chinese battery maker Gotion High-tech has chosen Manteno, Illinois for its new US$2bn electric vehicle (EV) lithium battery factory.
The 150 acre facility was expected to produce 10 GWh of lithium ion battery packs and 40 GWh of cells.
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Gotion’s US$2bn investment would be supported by state tax benefits worth US$213m over 30 years. It would also be the first recipient of Invest in Illinois funding, from which it will receive US$125m in capital funding.
The total incentive package would be US$536m.
Production was set to begin in 2024.
“We are not building a new factory but are planning to reuse an existing one and bring it back to life again,” said Gotion chairman Li Zhen.
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By GlobalDataIn June 2023, Gotion claimed to have developed a lithium-iron-manganese-phosphate (LMFP) battery which could provide enough electricity for over 600 miles per charge, and over 1m miles worth of recharges.
It also announced plans in June to invest US$6.4bn to establish a new 100 gigawatt-hour EV battery manufacturing facility in Morocco.
