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At $14.7 billion, Chinese battery giant builds super factory in US

The U.S. state of Illinois announced that Guoxuan High Tech will spend $2 billion to build an electric car factory in the state, which will provide 2,600 jobs in the United States.。The company, which focuses on lithium battery production, will receive about 5.US $3.6 billion, equivalent to RMB 4 billion in subsidies。The governor of the state said at the project ceremony that this will be an important step in the production chain of electric vehicles, and Illinois will be committed to becoming an important manufacturing center! Li Wei, chairman of Guoxuan Hi-Tech, said that it is not a new plant here, but a renovation of an old one, adding strength to the electrification of cars in North America and the U.S.-China economy and trade.。

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