Gotion High-tech Co Ltd Class A
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| rB! | LOCK|<d | LOCK|QkhXN$^ |
China's Fourth-Largest EV Battery Maker Gotion Targets Aggressive Global Expansion
Business Strategy and Outlook
Gotion High-tech is one of China's leading producers of lithium-ion rechargeable batteries for new energy vehicles. New energy vehicle batteries contributed over 70% of Gotion’s total revenue in 2025. According to China Automotive Battery Innovation Alliance and SNE Research, Gotion is ranked fourth in China, after Contemporary Amperex Technology, or CATL, BYD, and CALB, with a market share of 6% as measured by electric vehicle battery installed capacity in 2025, and fifth globally with 5% market share. Gotion’s major customers include some of the leading local-brand automakers such as Chery, SAIC Wuling, JAC, Chang’an, and Leapmotor. In addition, Huawei is the company’s largest customer for the energy storage battery segment.
