China’s Guoxuan high-tech unit opens $3.6 billion Michigan plant, sees 2,000 jobs – The Detroit News


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Sept 20 (Reuters) – The U.S. subsidiary of Chinese battery maker Guoxuan High Tech Co ( 002074.SZ ) plans a development in Michigan that could generate up to $3.6 billion in investment and 2,000 new jobs, The Detroit News reported on Tuesday, citing sources. (t.ly/o9XS)

Guoxuan’s subsidiary, Goshen Inc., will produce battery components at a yet-to-be-built factory in Michigan, the report said, adding that it is expected to bring about 500 jobs initially and up to 2,000 jobs over the next 10 years. years.

Guoxuan High Tech did not immediately respond to a Reuters request for comment.

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Reporting by Shubhendu Deshmukh and Akriti Sharma in Bengaluru; Editing by Rashmi Aich

Our Standards: The Thomson Reuters Trust Principles.



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