HEFEI, China, Aug. 26, 2022 /PRNewswire/ — On August 26 Beijing Time, Gotion High-tech introduced its interim outcomes. During the Reporting Period, the Company achieved revenue of RMB 8,638 million, representing a year-on-year growth of 143.24%, of which revenue from overseas areas elevated by 358.28% year-on-year to RMB1.279 billion, and is anticipated to realize its goal of 100% growth in whole revenue over the earlier year in the future.
Gotion High-tech is a number one energy battery firm in the discipline of new vitality autos in China. Gotion High-tech generated revenue primarily from energy lithium battery, vitality storage battery and energy transmission and distribution gear. During the Reporting Period, firm energy lithium battery business maintained a strong growth development, and achieved revenue of RMB 6.61 billion , representing a year-on-year improve of 113.93%, and was the firm’s greatest supply of revenue. In explicit, the vitality storage battery business was disclosed for the first time in the monetary report, attaining revenue of RMB1.28 billion throughout the interval, accounting for 14.8% of the whole revenue.
According to SNE Research, in the first half of the year, Gotion High-tech has battery put in capability of 5.8 GWh, with a market share of 2.9%, up 1 share level from the similar interval of final year, rating eighth in the world; and recorded over 250 thousand models for EV battery put in passenger car in the world, accounting for a market share of roughly 5.9%, and ranked fifth in the world market.
