On February 5, Gotion High-tech announced a plan to privately issue shares to raise no more than Yuan 5 billion. After deducting issuance expenses, the funds are intended to be fully allocated to the following purposes, including a 20 GWh annual production capacity power battery project, the Gotion High-tech 20 GWh new energy battery base project, an intelligent manufacturing base for new lithium-ion batteries (with a capacity of 20 GWh), and supplementing working capital.
Edited by Cassie Li, lixiangying@mysteel.com
