GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gotion High-tech Co Ltd (SZSE:002074) » Definitions » Fixed Maturity Investment

Gotion High-tech Co (SZSE:002074) Fixed Maturity Investment


View and export this data going back to 2006. Start your Free Trial

What is Gotion High-tech Co Fixed Maturity Investment?

Fixed Maturity Investment only applies to insurance companies.


Gotion High-tech Co (SZSE:002074) Business Description

Traded in Other Exchanges
N/A
Address
No. 599 Daihe Road, Xinzhan District, Hefei, CHN, 230012
Established in 2006 in Hefei, Anhui province, Gotion High-tech, is one of the first enterprises engaged in research, production, and sales of rechargeable lithium-ion batteries for NEVs in China. Its main products include lithium iron phosphate materials and batteries, ternary batteries, battery packs, and energy storage batteries. The products are widely used in new energy passenger vehicles, commercial vehicles, energy storage power plants, communication base stations, and so on. Gotion ranked eighth among global EV battery companies with 3% market share in 2022 in terms of installed capacity, and fourth in China with 5% market share. The company is 25%-owned by Volkswagen Group with Chairman Li Zhen holding around 7%.