COMPANY PROFILE / Solid-State Battery
Gotion High-Tech (Gotion High-Tech)
― Only a few companies, as noted in the annual report, have ‘operated’ pilot lines for solid-state batteries
Gotion High-Tech is a battery manufacturer in Hefei, Anhui Province,Volkswagen (China) holds the largest stake at 24.29%It is. This company differs from other Chinese competitors in thatThe main body of the legally required annual report includes a specific description of the progress of all-solid-state batteries.It is a point. The annual report for the fiscal year 2025 mentions ‘the full solid-state battery “Kinkokoku”‘The first pilot line (pre-production line) was constructed and put into operationand explicitly stated, In the second half of 2026 report, Passed multiple authoritative safety tests.and writes it. At the same time, this company isWe also have half-solid (mixed solid-liquid) batteries as a separate product., both are clearly distinguished.
- Understand Guoxuan Gaoke in 30 seconds and its position in solid-state batteries
- About the logo and company name
- Where is this company in the world of solid-state batteries
- Company size
- Resources invested in solid-state batteries
- Previous efforts
- Future plans
- What is this company aiming for with solid-state batteries?
- Mapping of collaborations in the field of all-solid-state batteries
- Techniques and methods adopted
- Risks faced by this company
- Glossary / References / Claims and Corresponding References Table
1. Understand KOK in 30 seconds and its position with solid-state batteries
(as of 2025)More precisely, 45,070,461,822.87 yuan
(China) 24.29%However, voting rights are limited to below 12.00%
pilot line
Operation (2025)Annual report’s main text to be explicitly recorded
Mixed Solid-Liquid BatteryA product that is semi-solid but not fully solid
Companies working on solid-state batteriesAutomotive manufacturers, battery manufacturers, and startupsare divided into three types. KOKUKAN KAKO is one of thesebattery manufacturer. fact. However, the scale is an order of magnitude different from that of giants like CATL (sales are about one-tenth of CATL’s), and its sales in 2025 are 45.07 billion yuan. What this company is called is decisively important for reading itproduct namingIt is. Kojun Kōkō is developing solid-state batteries as ‘the’Kinko (kinseki) all-solid-state battery」、「 Products that are semi-solid in nature to ‘Gken Mixed Solid-Liquid Battery‘ and, It is written in another paragraph under a different name.. The former is still at the pilot line stage, and the latter is a practical product with an energy density of 300Wh/kg.
When it comes to the topic of full-solid-state batteries in Chinese companies, there are many cases where these two concepts are mixed together. If you see statements like ‘Guoxian has released a solid-state battery with an energy density of 300Wh/kg’, it refers to a mixed solid-liquid (semi-solid) battery and is not a pure full-solid-state battery.. In this article, I will keep the two concepts separate until the end.
2. Regarding logo and company name display
Note on notation: The Chinese name of the companyGuoxuan Gaoke Co., Ltd.(in simplified characters is Guoxuan Gaoke Co., Ltd.), English is Gotion High-Tech Co., Ltd., English abbreviation is GOTION It is. In Japanese articles, it is acceptable to write ‘Kokusen Kōkō’ instead. Until the major asset reorganization in 2015Jiangsu Dongyuan Electric Equipment Group Co., Ltd.was a company that manufactured and distributed electrical equipment, and still holds the business of distribution and transmission equipment. The legal representative isLi ZhenAnd, the person in question actually controls it. Volkswagen is the largest shareholder but, is not the controlling shareholder.(Will be explained in Chapter 4).
Official website:https://www.gotion.com.cn/3. Among the world of all-solid-state batteries, where is this company located?
4. Company Size
Guanxian High Technology is a battery manufacturer, sothe size of the company directly corresponds to the scale of this field.approximately 4.9 years fact。
| Indicator (Unit: Yuan) | 2023 year | 2024 year | 2025 year |
|---|---|---|---|
| revenue from sales | 31,605,490,020.32 | 35,391,817,095.44 | 45,070,461,822.87 |
| listed company shareholder attributable net income | 938,726,847.76 | 1,206,790,129.59 | 2,383,271,938.21 |
| The amount excluding the same and non-operating gains and losses | 116,241,267.75 | 262,543,788.91 | 431,836,780.76 |
| research and development expenditure | ― | 2,929,302,256.64 | 3,364,521,004.13 |
The amount is recorded in the annual reportRenminbi as isNo conversion to Japanese yen has been performed.Of the net profit of 23.8 billion yuan, excluding extraordinary losses, it is 4.3 billion yuanPlease note this point.
| End-of-2025 scale | Numerical | Remarks |
|---|---|---|
| Number of Employees | 33,087 people | Parent company 657 people, main subsidiaries 32,430 people. Among them, production personnel 17,334 people |
| Number of research and development personnel | 4,358 people | 13.17% of all employees. Among them, Ph.D. 188 people, Master’s 1,794 people |
| Research and development investment ratio | 7.47% | Of which, the amount capitalized is 934,139,387.12 yuan. Expenses recorded are 2,430,381,617.01 yuan |
| Battery system sales volume | 3,087,352 million Ah | 56.30% increase from the previous year. Production volume: 3,192,604 million Ah (51.48% increase) |
| Cumulative patent applications | 13,254 pieces | Of which, 5,951 invention patents (including 496 overseas patents). Leading or participating in 183 standard pieces |
| Domestic production sites | More than 10 locations | Hefei, Tongcheng, Lu’an, Chuzhou, Nanjing, Tangshan, Qingdao, Yichun, Liuzhou, Wuhai, etc. |
This point must be confirmed with primary information. According to the related party notes in the 2025 annual report, Dong Zhuo Auto (China) Investment Co., Ltd.(Volkswagen China) holds shares of Guoxian Gaoke 440,630,983 shares, which is 24.29% of the total number of sharesdirectly. factIt is the largest shareholder individually.
However, through a shareholders’ agreement concluded on May 28, 2020, Volkswagen China has abandoned its voting rights over part of the shares in an irrevocable mannerand has reduced its own voting rights ratio to at least 5 points lower than those of the founding shareholders (Guoxian Holding, Li Jin, Li Chen)at least 5 points lowerand promised. That isthe voting rights ratio is 12.00% or below. The extension of this commitment period to72 months was agreed upon in the supplementary agreement in December 2024was completed. On the other hand, Li Jin and his co-conspirators hold 323,873,953 shares (17.85%) and the annual report states thatLi Jin is the actual controlling shareholder of Guoxian Gaoke‘ and explicitly states.
Therefore, the understanding that ‘Volkswagen controls Koyukukou’ isIt is incorrect.. It is designed so that the largest shareholder in terms of stockholding and the holder of voting rights is inferior to the founder side.
5. Resources invested in solid-state batteries
Guoxuan Gaoke discloses the company’s overall research and development resources. How many people and how much money are invested in solid-state batteries is not disclosedbut, there are specific descriptions regarding equipment and systems. We will organize it into four points: ‘people, money, external investment, university collaboration’.
| Resource types | Information confirmed through primary sources | Classification |
|---|---|---|
| Person (company-wide) | Number of research and development personnel4,358 people(By the end of 2025, 13.17% of all employees). 188 PhDs, 1,794 Master’s | fact |
| Person (exclusive to all-solid-state battery) | Name and personnel number of the exclusive organization for all-solid-state batteries | Not disclosed |
| Money (company-wide) | Research and development investment3,364,521,004.13 yuan(In 2025, 7.47% of sales) | fact |
| Gold (for all-solid-state batteries) | Investment in the pilot line (pre-production line) for all-solid-state batteries | Not disclosed |
| equipment | ‘Kinkan’ all-solid-state battery’s first pilot lineconstruction and operation to be completed in 2025. Additionallya solid-state battery long-duration energy storage specialized verification platformwas built, enhancing the testing capabilities under extreme environments as recorded | fact |
| research and development hub | worldwideeight research and development centers。Shanghai and Hefei in China, Tsukuba in Japan, Singapore, and Silicon Valley in Cleveland, USA, etc. | fact |
| External investment and joint venture | V_G High Tech Energy Solutions Co., Ltd.（51% ownership）、Tata Components Guoxian Green Energy Application (40%)、Shanghai Electric Guoxian New Energy Technology (45.40%)、Indonesia Guoxian Green Battery Trade (45%)、Thailand New Guoxian (49%) etc. HoweverThere is no mention of the investment or joint venture being for the purpose of solid-state batteries. | Fact／Solid-stateUnconfirmed |
| Collaboration with universities and research institutions | 「Deepen cooperation with the government, industry, academia, and research institutions,’and jointly advance major cutting-edge technologies such as solid-state batteries and battery recycling in collaboration with universities and research institutions.is noted in the 2025 annual report. As for the partners,Stanford University, Columbia University, Tongji Universityand other university names from both domestic and international universities are recorded in the 2026 mid-term report | fact |
Chinese‘Middle Trial Line’ (Pilot Line)is the stage where a few cells are made in the laboratory glove box and thebetweenrefers to the equipment fact. The reason why this is particularly important for solid-state batteries is thatthere are many processes that work in the laboratory but do not work on the pilot scalefrom here. Laying a uniform layer of solid electrolyte powder over a large area without drying, stacking layers one on top of another, sealing the stack with the necessary surface pressure while it is still in place, etc., the difference between being able to make one sheet and being able to repeatedly make hundreds of identical sheetsis an extremely large area.
therefore, the statement ‘operated the pilot line’ is equivalent to saying ‘the cells were produced in the laboratory’.The weight of meaning is different. However, this does notIt does not mean that the profit margin has been secured. Kokusen Kogyo has neither disclosed its profit margin nor production capacity, and in the 2026 mid-term report, it saysCost reduction is being steadily advanced‘This stage of writing remains) Unconfirmed / Future。
6. Previous Efforts
| period | Event (description of primary information) | Meaning |
|---|---|---|
| 2015 | A major asset reorganization has passed the review by China’s CSRC. The main business isnow shifting from a single focus on power transmission and distribution equipment to two pillars: power lithium batteries and power transmission and distribution equipment.Controlled shareholders have changed from Sun Yiguan to Guoxian Holding Group. | The company was not originally a battery manufacturer. |
| December 2021 | Volkswagen China invests strategically and becomes the largest shareholderGuoxian Holding, Li Jin, and Li Chen form a joint action group to collectively become major shareholders | A rare example where a leading Chinese battery manufacturer became the top shareholder of an overseas automobile manufacturer |
| 2022 | business of power lithium-ion batteriesdivided into two categories: power battery systems and energy storage battery systemsinto | energy storage became an independent pillar |
| ― | the investment destination of the funds acquired from the ’16 GWh High Energy Density Power Lithium-ion Battery Industrialization Project’to the ’20 GWh Mass Standard Cell (Volkswagen Unified Specification Cell) Project’The implementing entity is Huifei Guoxuan Battery Technology Co., Ltd. | Building specialized equipment for Volkswagen |
| December 2024 | Volkswagen China and founding shareholdersAmended the shareholder agreementExtended the commitment period for renouncing voting rights to 72 months | Capital relations have been fixed long-term |
| 2025 year | Building and operating the first pilot line of ‘Kinkokoro’ all-solid-state batteries。AdditionallyFirst announcement of the “G-ken” hybrid solid-liquid battery(Energy density 300Wh/kg, vehicle range 1,000km, proprietary self-adaptive solid-solid interface technology). Also announced: LMFP’s ‘Qichun II’ cell (240Wh/kg, 5C) | All-solid and mixed solid-liquid appeared as separate products in the same year |
| 2025 year | Developed jointly with VolkswagenMass production delivery of standard cellsand installed on multiple vehicle platforms within the Volkswagen Group | Capital relationships bore fruit as a product |
| First half of 2026 | At the 15th Science and Technology ConferencePresenting the latest research and development progress and industrialization promotion status of G-hybrid solid-liquid intelligent batteries and Jinshi all-solid-state batteries. Jinshi all-solid-state batterieshave passed multiple authoritative safety testsand are steadily advancing cost reduction. It is noted that they have secured new orders for premium models in the Volkswagen ID series | All-solid-stateSafety test stagein |
7. Future Plans
Cost ReductionMid-2026 Report
Achievement of DeliveryDiscussion on Semi-Solid Side
Guoxian Gaoke isone of the companies with the most distinct differentiation in this field. fact. The annual report mentions the same paragraph, saying ‘Gken Mixed Solid-Liquid Batterywas first announced’ and ‘『Metal Stone』all-solid-state batterythe first pilot line was constructed and put into operation It is clearly written as a separate event.. The energy density of 300Wh/kg and range of 1,000km are the numbersSolid-liquid mixture (Gyokai) sideand, The numbers for ‘Kinkoku’ (all-solid) are not available.。
The primary information we can say about ‘Kinkoku’ is that the pilot line has started operation.andit has passed multiple safety tests.andthey are advancing cost reduction.The energy density, cell capacity, electrolyte system, and mass production schedule have not been disclosed yet. Unconfirmed / Future。
8. What does this company aim to achieve with solid-state batteries?
This part includes information that the company has not directly stated.Inferred from primary sources within the scope of what can be read.Along with the basis, I will write it down.
| What can be read | primary information | Classification |
|---|---|---|
| all-solid-state battery todifferentiation barrieras a means | The 2025 Annual Report states ‘We will focus on the development of solid-state batteries as a key direction for research and development, and will fully promote the realization of technological research and development and industrialization. We aim to complete the construction and operation of the first pilot line of all-solid-state batteries smoothly within the reporting period, andestablished a differentiated competitive barrieris explicitly stated | fact |
| release in two stagesdesigned | is mass-produced and delivered as a product that can be sold now, while the full solid (gold stone) is placed at the pilot line stage. Both are running in parallel under different brands. | speculation |
| the short-term battle isLMFP and ultra-fast chargingare being placed | Announce the second generation of LMFP (240Wh/kg, 5C) in 2025 and the second generation of Gkaku (up to 12C) in the first half of 2026. Both are liquid-based | fact |
| solid-state batteries areA stepping stone for Volkswagenis possible | Volkswagen China is the largest shareholder, and mass production delivery of standard cells and new orders in the ID series are advancing. However, there is no mention of cooperation with Volkswagen regarding solid-state batteries | speculation |
| current interest is morecostin | The mid-year report for 2026 states that ‘Goldstone has passed the safety tests’ andis steadily advancing cost reductionbut does not mention energy density or other performance indicators. | speculation |
The description of Goldstone in the mid-year report for 2026 is only one sentence. ‘Goldstone all-solid-state battery has successfully passed multiple authoritative safety tests and is steadily advancing cost reduction, accelerating the industrialization process of advanced solid-state technology.」 fact. Here is what we should pay attention to:Energy density and range are not mentioned at allIt is. In the same paragraph of the same report, regarding ‘G Generation II’, it states ‘maximum 12C rapid replenishment’, and for ‘Nanochron battery’, it mentions ‘a significant leap in energy density due to the anode-free structure’.Performance is written in words.。
All-solid-state batteries onlyare described by the words ‘safety’ and ‘cost’is because, performance is already available, butsafety and cost are the bottlenecks for mass productionThe author of this article considers it natural to read it as a stage. Unconfirmed / Future. Solid-state batteries are expensive materials and require heavy equipment conditions such as vacuum, high pressure, and low dew point for manufacturing. Therefore, they are a technology that is far from being able to ‘produce’ and ‘produce at a price that can be sold’.
9. Mapping of solid-state battery collaborations
10. Technology Approach Used
Guoxuan High Technology isit has written about its technical approach for mixed solid-liquid batteries specifically.is They have not mentioned the electrolyte system or structure for all-solid-state batteries (Kinkokoku). Unconfirmed / Future. Let’s place them side by side.
| Item | Gekan Mixed Solid-Liquid Battery (Semi-Solid) | Kinkokoku All-Solid-State Battery |
|---|---|---|
| Stage | Achieve Mass Production for Commercialization | The first pilot line (pre-production line) is operational |
| energy density | 300Wh/kg(vehicle range 1,000 km) | Not recorded |
| Features of the technology | InnovativeSelf-adaptive solid-solid interface technologyto build a high-speed ion-conduction pathway and ensure stable operation throughout its entire lifespan | Not recorded |
| Progress in the first half of 2026 | Upgraded to the “G-Barrier Hybrid Solid-Liquid Smart Battery.” The triple-protection system advances safety management from passive defense to active risk prediction. | Passed multiple authoritative safety tests. Consistently advancing cost reduction. |
| Electrolyte system | Not specified (only the fact that it is a mixture of liquid and solid) | Not recorded. It is also impossible to determine if it is a sulfide system |
| production timing | already mass production delivery | Not recorded |
Guoxuan Gaoke isThe technology for solid-solid interfaces is described in the context of mixed solid-liquid (G-type) systems.Points are suggestive from the material’s perspective fact. A hybrid solid-liquid battery has a structure that retains both a layer of solid electrolyte and some residual liquid electrolyte. The remaining liquid servesto fill the gaps between solid materials and help them make contact.so, it does not require as much stringent pressure as a fully solid battery. The term ‘self-adaptive’ refers to the interface maintaining contact even when the electrodes expand and contract during charge and discharge.
in a fully solid-state battery (Kojaku), thisliquid aid is absent.. The question of whether the same interface design can be achieved without liquid becomes critical. Kojaku’s focus on safety and cost rather than performance may indicate that there are time constraints involved.and costare being discussed, which might be a reflection of the time required for this process. The company does not explain this Unconfirmed / Future。
11. The risks this company faces
| Risks | Content | Classification |
|---|---|---|
| Profit quality | Net profit attributable to the parent company for 2025 was RMB 2.383 billion, while the amount excluding non-recurring gains and losses was RMB 432 million. For the first half of 2026, net profit attributable to the parent company was RMB 1.386 billion, with the amount after exclusions at RMB 107 million. | fact |
| The target period is not indicated | The mass production period, production capacity, and energy density of all-solid-state batteries are all undisclosed, making it impossible to verify progress externally | Unconfirmed / Future |
| Length of the industrialization cycle for new technologies | The company itself has noted in its annual report that ‘it is facing multiple issues such as intensified competition and a long industrialization cycle for new technologies’ | fact |
| Size difference | The sales of 45.07 billion yuan in 2025 are approximately one-tenth of CATL’s (423.7 billion yuan) sales, which is solely focused on batteries. Research and development investment also shows a significant gap, with 33.6 billion yuan compared to 221.5 billion yuan. | Calculations in this article |
| Dependency on the largest shareholder | The company has a dedicated cell project for Volkswagen (annual production capacity of 20 GWh), which directly affects its electrification plan. | speculation |
| Coexistence with semi-solid | The company’s mixed solid-liquid battery has already reached 300 Wh/kg, so there is a need to compete with the all-solid-state battery within the company. | speculation |
12. Glossary
- All-Solid-State Battery (All-Solid-State Battery)
- A battery that uses a solid electrolyte instead of a liquid one. In Chinese, it is called “quán gùtài diànchí” (all-solid-state battery).
- Mixed Solid-Liquid Battery
- A battery that uses both solid electrolyte and liquid electrolyte. It is called ‘mixed solid-liquid battery’ in Chinese. It corresponds to a semi-solid battery.
- Metal Stone
- The brand name for Guoxuan Gaoke’s full-solid-state battery. A pilot line will start operation in 2025.
- Garden
- The brand name of Guoxuan Gaoke’s hybrid solid-liquid battery. Energy density 300Wh/kg.
- Pilot line
- Pilot plant. Experimental equipment between the laboratory and mass production line.
- LMFP
- Lithium iron phosphate manganese. Anode material that adds manganese to LFP, increasing voltage and energy density.
- Fixed point
- In China’s automotive industry, when a component manufacturer formally designates a specific car model as a supplier.
- Cooperative actor
- Shareholders who agree to jointly exercise voting rights. Used in China’s disclosure for determining the controlling shareholder.
AI-generated conceptual diagram13. Source
- Guoxuan Gaoke Co., Ltd. Annual Report for the fiscal year 2025 (submitted to Shenzhen Stock Exchange on April 29, 2026). Includes company information, sales revenue, net profit, research and development investment, R&D personnel, employee count, sales volume, cumulative patents, pilot line operation of full-solid-state batteries, G-type mixed solid-liquid battery with a capacity of 300Wh/kg, Qicheng Second Generation Cells, solid-state battery verification platform, joint research with universities, Volkswagen China’s shareholding of 24.29% and restricted voting rights, Li Jing as the actual controller, annual production project of 20GWh standard cells for Dazhong, production bases, list of joint ventures. https://disc.static.szse.cn/download/disc/disk03/finalpage/2026-04-29/24ee6bf9-6daa-4f4f-ae46-12dfbe099287.pdf
- Guoxuan Gaoke Co., Ltd. Semi-Annual Report for 2026 (Submitted to the Shenzhen Stock Exchange on August 25, 2026). First-half operating revenue and net profit; cumulative patents totaling 14,489; Jinshi all-solid-state battery passed safety testing with cost reduction in progress; improvements to the G-wall hybrid solid-liquid smart battery; disclosures at the 15th Science and Technology Conference; eight R&D centers; collaboration with Stanford University and others; new orders for the Volkswagen ID series; G-mark second-generation 12C; and sodium-based morning battery. https://disc.static.szse.cn/download/disc/disk03/finalpage/2026-08-25/86e63b6a-cfa5-4c0e-bcc2-4b8088be7292.PDF
- Guoxuan Gaoke Co., Ltd. Official website (for verification of company overview). The logo image could not be obtained. https://www.gotion.com.cn/
14. Table of Correspondence between Claims and Sources
| Main Argument in the Body | Classification | Sources |
|---|---|---|
| Official name, headquarters location, listing market, former company name, legal representative | fact | Source 1 https://disc.static.szse.cn/download/disc/disk03/finalpage/2026-04-29/24ee6bf9-6daa-4f4f-ae46-12dfbe099287.pdf |
| Operating income, net profit excluding extraordinary losses, and R&D investment (2023-2025) | fact | Source 1 https://disc.static.szse.cn/download/disc/disk03/finalpage/2026-04-29/24ee6bf9-6daa-4f4f-ae46-12dfbe099287.pdf |
| Employees 33,087, R&D personnel 4,358, PhDs 188, sales volume, production volume, cumulative patents 13,254 | fact | Source 1 https://disc.static.szse.cn/download/disc/disk03/finalpage/2026-04-29/24ee6bf9-6daa-4f4f-ae46-12dfbe099287.pdf |
| Volkswagen China holds 440,630,983 shares (24.29%) and is the largest shareholder. | fact | Source 1 https://disc.static.szse.cn/download/disc/disk03/finalpage/2026-04-29/24ee6bf9-6daa-4f4f-ae46-12dfbe099287.pdf |
| Due to a shareholders’ agreement, the voting rights ratio was capped at below 12.00%, and extended until December 2024 for 72 months. | fact | Source 1 https://disc.static.szse.cn/download/disc/disk03/finalpage/2026-04-29/24ee6bf9-6daa-4f4f-ae46-12dfbe099287.pdf |
| Li Jin and his co-conspirators hold 17.85%, with Li Jin being the actual controlling party | fact | Source 1 https://disc.static.szse.cn/download/disc/disk03/finalpage/2026-04-29/24ee6bf9-6daa-4f4f-ae46-12dfbe099287.pdf |
| Completed the construction and operation of the first pilot line for all-solid-state batteries in 2025 | fact | Source 1 https://disc.static.szse.cn/download/disc/disk03/finalpage/2026-04-29/24ee6bf9-6daa-4f4f-ae46-12dfbe099287.pdf |
| The G-type mixed solid-liquid battery has a capacity of 300Wh/kg and a vehicle range of 1,000km, with self-adaptive solid-solid interface technology | fact | Source 1 https://disc.static.szse.cn/download/disc/disk03/finalpage/2026-04-29/24ee6bf9-6daa-4f4f-ae46-12dfbe099287.pdf |
| Construction of a platform for the verification of all-solid-state batteries and long-duration energy storage, collaboration with universities and research institutions | fact | Source 1 https://disc.static.szse.cn/download/disc/disk03/finalpage/2026-04-29/24ee6bf9-6daa-4f4f-ae46-12dfbe099287.pdf |
| Investment change for the 20GWh mass standard cell project, shifting to supply to Volkswagen for standard cell mass production | fact | Source 1 https://disc.static.szse.cn/download/disc/disk03/finalpage/2026-04-29/24ee6bf9-6daa-4f4f-ae46-12dfbe099287.pdf |
| Owns a 51% stake in V_G High Tech Energy Solution Co., Ltd. and other joint venture list | fact | Source 1 https://disc.static.szse.cn/download/disc/disk03/finalpage/2026-04-29/24ee6bf9-6daa-4f4f-ae46-12dfbe099287.pdf |
| 2026 first half fiscal revenue, net profit, cumulative patents 14,489 | fact | Source 2 https://disc.static.szse.cn/download/disc/disk03/finalpage/2026-08-25/86e63b6a-cfa5-4c0e-bcc2-4b8088be7292.PDF |
| Solid-state batteries are passing multiple authoritative safety tests and are currently in the process of cost reduction. | fact | Source 2 https://disc.static.szse.cn/download/disc/disk03/finalpage/2026-08-25/86e63b6a-cfa5-4c0e-bcc2-4b8088be7292.PDF |
| Locations of the eight research and development centers, cooperation with Stanford University, Columbia University, Tongji University | fact | Source 2 https://disc.static.szse.cn/download/disc/disk03/finalpage/2026-08-25/86e63b6a-cfa5-4c0e-bcc2-4b8088be7292.PDF |
| New orders for premium models in the Volkswagen ID series, G Generation II 12C, Lithium-ion battery | fact | Source 2 https://disc.static.szse.cn/download/disc/disk03/finalpage/2026-08-25/86e63b6a-cfa5-4c0e-bcc2-4b8088be7292.PDF |
| Classification of three types of all-solid-state batteries (Automotive / Battery / Startup) | Calculations in this article | Arrangement by this article. Company names are exemplified from the 23 companies in this series |
| Comparison of Scale with CATL (Sales and Research & Development Investment Multiplier) | Calculations in this article | Comparison of the disclosure numbers by both companies in this article. The ratio is calculated based on this article. |
| Energy density, cell capacity, electrolyte system, production timing, production capacity, yield | Unconfirmed / Future | None of the disclosure documents mention these. We do not adopt the values based on reports. https://disc.static.szse.cn/download/disc/disk03/finalpage/2026-08-25/86e63b6a-cfa5-4c0e-bcc2-4b8088be7292.PDF |
| Number of dedicated personnel and dedicated investment amount for solid-state batteries | Unconfirmed / Future | All are not disclosed https://disc.static.szse.cn/download/disc/disk03/finalpage/2026-04-29/24ee6bf9-6daa-4f4f-ae46-12dfbe099287.pdf |
| Collaboration and investment with a company aimed at solid-state batteries | Unconfirmed / Future | Not mentioned in Document 1 and 2. The author does not assert that it does not exist. https://disc.static.szse.cn/download/disc/disk03/finalpage/2026-04-29/24ee6bf9-6daa-4f4f-ae46-12dfbe099287.pdf |
| Two-tiered approach (promoting mixed solid-liquid first, then solid-state later) interpretation | speculation | Interpretation based on the difference in stages of documentation for both products |
| Solid-state battery is also seen as a foundation stone for Volkswagen | speculation | The interpretation of this paper based on the performance and achievements from capital relationships and standard cells. There is no mention of cooperation in all-solid-state. |
| The current interest lies more in cost than in performance. | speculation | This paper observes that other products are described using the language of performance, while gold and silver are described using the language of safety and cost. |
| The bottleneck for gold and silver is the disappearance of the lifeboat of liquid. | speculation | The explanation of this paper based on the mention of solid-liquid interface technology in mixed solid-liquid. |
| The risk of dependence on the largest shareholder and internal competition with the company’s own semi-solid products | speculation | The interpretation of this paper is based on the capital relationship and product structure |
Last Updated: September 23, 2026 / Troy Technical
All the numbers in this paper are based on the legal disclosure documents submitted by Guoxian Gaoke Co., Ltd. to Shenzhen Stock Exchange. We have not used the estimates or values from the research company or news reports. The amounts are kept as reported, in Renminbi, and no currency conversion has been made. The ‘estimated’ parts are interpretations derived from primary information within this paper, not the company’s official disclosures.