Gotion Founder Assesses US Expansion and Industry Competition

In an exclusive interview with Bloomberg, Gotion High-tech founder Li Zhen shared the battery manufacturer's growth expectations. Li Zhen provided details on the company's expansion plans in the US and highlighted the impact of the Iran war on supply chains. He also described the intense competition in the sector as 'involution'. Li Zhen stated that Gotion continues its global growth strategy and will maintain its investments in the US market. Emphasizing the company's flexible structure against geopolitical risks in supply chains, Li Zhen noted that they have taken measures against the pressure created by the Iran war on energy costs and logistics. Li Zhen said that competition in the sector is intensifying, and this situation, which he calls 'involution', forces companies to become more efficient and innovative. He conveyed that Gotion aims to gain an advantage in this competitive environment by focusing on R&D investments. Li Zhen added that with advancements in battery technologies and increasing demand for energy storage solutions, Gotion's growth potential is high. He stated that the company will continue to be a key player in the global energy transition. This is not investment advice.