Chinese enterprises have added another milestone to their overseas expansion, and Guoxuan High Tech has taken a crucial step towards its localization strategy in Europe. On October 30th, Guoxuan High Tech officially announced that its battery super factory project in Surani, Slovakia had started construction smoothly on the morning of October 28th local time. This not only becomes the first super battery factory in Slovakia's history, but also marks a crucial step for Guoxuan High Tech's localization layout in Europe. The project covers an area of 65 hectares and is located in the Surani Strategic Park in the country. The groundbreaking ceremony brought together more than 300 government officials and business representatives, including Slovak Prime Minister Fizo, Deputy Prime Minister and Minister of Economy Sakova, Deputy General Manager of Science and Technology Metz, and Chairman of Guoxuan High Tech Li Zhen, to witness this milestone moment together.

It is reported that the planned annual production capacity of the first phase of the factory is 20GWh, and it is expected to start trial production in 2026 and enter the formal production stage in 2027. After the completion of the project, the products will mainly target the EU market, helping to upgrade the European new energy vehicle industry. Cai Yi, President of Guoxuan High Tech's Europe Africa division, stated that the construction of this super factory will inject new momentum into the European electric vehicle industry. The batteries produced will be applied to the next generation of new energy vehicles, enhancing Guoxuan's supply chain synergy and regional competitiveness in the European market. At the same time, it will promote local resource integration and provide key support for Europe's zero carbon energy transformation.

This construction also marks the substantial implementation stage of Guoxuan High Tech's three-year strategic layout in Europe. Looking back at the process, in February 2023, Guoxuan High Tech's wholly-owned subsidiary Hefei Guoxuan signed a memorandum of understanding with Slovak battery company InoBat, planning to jointly build a battery factory with a production capacity of 40GWh in Europe. In September of the same year, Guoxuan High Tech acquired a 25% stake in InoBat and became its strategic shareholder. In November, GIB EnergyX Slovakia s.r.o. (referred to as GIB), a joint venture between the two parties, officially confirmed the construction of an electric vehicle battery factory in Surani, with an initial annual production capacity of 20GWh.

Entering 2024, the project promotion will be further accelerated. In June, the Slovak government approved a total of 214 million euros in state aid to GIB, including 150 million euros in direct subsidies and 64 million euros in income tax exemptions, providing strong policy guarantees for the smooth implementation of the project. In December of the same year, Guoxuan High Tech announced that the total investment of the project would not exceed 1.234 billion euros (approximately 10.153 billion yuan), and it would be implemented in stages, with an expected completion within three years. According to the plan, the factory will officially start production in January 2027 and achieve full load operation in June of the same year. Keywords: Energy Storage Latest News, Energy Storage New Energy News, China Energy Storage Network

The smooth start of construction of the Guoxuan High Tech Slovakia super factory is not only an important milestone in the process of Chinese power battery companies going global, but also reflects the broad prospects for deepening cooperation between China and Europe in the field of new energy. With the gradual implementation of the project, Guoxuan High Tech is expected to occupy a more important position in the European electric vehicle market, further promoting the transformation of global energy structure and the integration of regional industrial chains, and contributing the "Chinese solution" and "European momentum" to green travel and sustainable development. Editor/Xu Shengpeng