Hefei, China, August 26, 2022 /PR Newswire/ — upon August 26th Beijing time, Gotion Hightech announced the interim results. During the reporting period, the Company achieved the following earnings: RMB 8,638 millionrepresenting a year-on-year growth of 143.24%, of which the revenue was Overseas region Increased by 358.28% year-on-year 1.279 billion RMBand is expected to reach the target of 100% year-over-year growth in total revenue in the future.
Gotion High-tech is a leading power battery company in the field of new energy vehicles. ChinaGotion High-tech mainly generated its revenues from power lithium batteries, energy storage batteries and power transmission and distribution equipment. During the reporting period, the company’s power lithium battery business maintained a solid growth trend, RMB 6.61 billion , representing a year-on-year increase of 113.93%, was the company’s largest source of revenue. In particular, we disclosed the storage battery business for the first time in our financial results. 1.28 billion RMB It accounted for 14.8% of total revenue during the period.
According to SNE Research, in the first half of this year, Gotion High-tech’s battery installed capacity was 5.8 GWh, with a market share of 2.9%, up 1 percentage point from the same period last year, ranking eighth in the world. ; Passenger vehicles equipped with EV batteries recorded more than 250,000 units worldwide, accounting for a market share of about 5.9%, ranking fifth in the global market.
Source Gotion High-Tech