Chicago & Midwest + Greater Chicagoland + Industrial | September 18, 2023

Chinese EV Battery Maker Plans Massive Illinois Plant

Chinese EV battery maker Gotion has chosen Illinois for the company’s planned development of a new $2 billion EV lithium battery plant. The facility is the latest Chinese green energy-related project in the United States.

Located in Manteno, the 150-acre site is projected to create 2,600 new jobs, and production is expected to start next year. According to Illinois Governor JB Pritzker, Gotion’s investment will be supported by REV, a new “Invest in Illinois” fund, and other incentives worth a total of $536 million. Gotion will be the first recipient of the Invest in Illinois funding, and the company was approved for property tax abatement for 30 years.

“With 2,600 new jobs, a $2 billion gigafactory, and the most significant new manufacturing investment in Illinois in decades — it’s the most recent proof that we are in a new paradigm. Illinois is on the rise, and we’re open for business,” said Pritzker.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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