GOTION(SZ:002074) Huan Qiu Shi Bao·2025-10-29 23:05Core Insights - Despite tensions between Beijing and the EU, Slovakia's Prime Minister Fico welcomes Chinese investment in electric vehicle battery factories [1] - Guoxuan High-Tech plans to invest €1.2 billion in Slovakia to build a battery factory with an annual production capacity of 20 GWh [1] - The project is expected to create over 1,000 new jobs and stimulate regional development [2] Group 1 - The groundbreaking ceremony for the battery factory took place on October 28, attended by over 300 people, including government officials and Guoxuan's chairman [1] - Fico emphasized that the cooperation with Chinese companies is a forward-looking decision, despite previous warnings from some EU members about potential risks [1] - The project aligns with Slovakia's independent foreign policy and is supported by both Slovak and Chinese parties to achieve its goals by 2027 [1] Group 2 - The EU Commission recently announced a plan to provide over €8 billion in subsidies for electric vehicle battery production, which may have influenced Slovakia's decision [1] - Slovakia's Economy Minister Sakova highlighted the project as one of the country's major investments, contributing to job creation and regional growth [2] - Tensions exist within the EU regarding China's plans to implement export controls on critical raw materials, with discussions ongoing between the EU and a Chinese delegation [2]