Date: September 12, 2023. — Gotion, a Chinese electric vehicle battery maker, has announced plans to build a $2 billion gigafactory in Manteno, Illinois. It will create 2600 new jobs and produce batteries for the fast-growing EV market in the U.S.
Governor JB Pritzker says the project, expected to commence production in 2024, represents the largest new manufacturing investment in Illinois in decades. Moreover, the production of lithium-ion battery cells, battery packs, and the integration of energy storage systems will be the facility’s main goals.
The state of Illinois has allocated a $536 million incentive package, comprising tax credits, grants, and property tax exemptions. This package will support Gotion’s investment. In order to prepare local residents for the new employment, the state will also offer funding for a nearby new manufacturing training academy. Additionally, an additional grant will be provided to workforce providers.
With a 28 GWh annual capacity, the Manteno gigafactory will be Gotion’s first significant production plant in the United States. Furthermore, it will be able to power around 400,000 EVs.
About 50 miles south of Chicago, the facility will be situated near the community of Manteno, Kankakee County. Moreover, it will be located on a 150-acre plot. As of 2020, there were 9,210 people living in Manteno, which is a part of the Kankakee-Bourbonnais-Bradley Metropolitan Statistical Area.
The local community expects the Gotion gigafactory to generate thousands of job opportunities. These positions will include roles in manufacturing, research and development, and management. The facility will be equipped with the latest advancements in battery production technology. This will ensure high-quality and energy-efficient battery packs for electric vehicles.
Gotion’s investment serves as a significant boost for Illinois’ economy, fostering its ambition to excel in clean energy and transportation sectors. The state has set a goal of reaching 100% renewable energy by 2050. It has also adopted policies to encourage EV adoption and infrastructure development.
This significant investment from Gotion reflects the growing importance of electric vehicles in the automotive industry. It also highlights the pivotal role that EV battery production plays in shaping a sustainable future.