China’s Gotion to set up a $2 bln lithium battery plant in Illinois

News Snapshot:

Companies Gotion High tech Co Ltd Follow Sept 8 (Reuters) - China's Gotion High-tech Co Ltd (002074.SZ) will set up a $2 billion electric vehicle (EV) lithium battery manufacturing plant in Manteno, Illinois that would create about 2,600 new jobs, the state governor's office said on Friday. Global EV battery makers and automakers have been eyeing the North American market for setting up new manufacturing plants as they look to diversify supply chains and attract incentives under the Inflation Reduction Act. "Gotion's battery technology will help to boost e-mobility in North America and the economic and trade exchanges between China...