Chinese company Gotion High-Tech will build in Illinois (USA) a battery production facility that is scheduled to go into operation next year. The project cost is $2 billion. According to Governor JB Pritzker, construction of the Gotion plant will create 2,600 jobs.
The governor also noted that this project “the most significant new manufacturing investment in Illinois in decades“. Illinois is positioning itself as a hub for new technologies, from quantum computing to life sciences to electric vehicle manufacturing.
The state recently created a task force called Innovate Illinois aimed at attracting federal funding, including through the Inflation Reduction Act (IRA), which provides tax breaks and grants for electric vehicle, battery and clean energy projects. Specifically, Gotion will receive $536 million in incentives and will be eligible for $213 million in tax relief over 30 years as part of the Illinois funding package.
Instead of building a new plant from the ground up, Gotion will utilize its existing 150-acre manufacturing site in the Village of Manteno in Kankakee County. From 2024, 10 GWh of lithium-ion batteries and 40 GWh of lithium-ion battery cells are expected to be produced.
Gotion also plans to build a $2.36 billion battery and components plant in Big Rapids, Michigan, where it already is acquired A 109 hectare property in early August.