Farasis Energy Battery Manufacturing and R&D Facilities
Sector: Government • Location: Ganzhou, Jiangxi, China
Source: Information Technology and Innovation Foundation (ITIF)
Farasis Energy, originally founded in Silicon Valley, relocated its operations to Ganzhou, Jiangxi, China, in 2009 due to cost considerations. The company established a joint venture with the Chinese state-owned Manyuan Construction, contributing patents and proprietary technology. Over time, the Chinese government subsidized and took control of Farasis Energy, with Guangzhou Industrial Investment
- Status
- Under Construction
- Sector
- Government, Manufacturing (Industrial), Electric Vehicles (EVs), Energy Storage, Automotive
- Location
- Ganzhou, Jiangxi, China
- Updated
- 22 Jul 2026
- Source
- Information Technology and Innovation Foundation (ITIF)
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Project Information
Participants
Sponsoring Agency |
Status
Original status | under operation post-acquisition |
Taiyo status | Under Construction |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Farasis Energy, originally founded in Silicon Valley, relocated its operations to Ganzhou, Jiangxi, China, in 2009 due to cost considerations. The company established a joint venture with the Chinese state-owned Manyuan Construction, contributing patents and proprietary technology. Over time, the Chinese government subsidized and took control of Farasis Energy, with Guangzhou Industrial Investment Holding Group becoming the controlling shareholder in 2025. Farasis Energy USA, a wholly-owned subsidiary, continues to operate in the U.S., receiving U.S. government funding for advanced battery R&D. The company focuses on manufacturing and R&D of electric vehicle batteries, with strategic support from Chinese government entities. |
Original sector | Energy |
Budget |
Location
Country | China |
State | Jiangxi |
City | Ganzhou |
Source
Source | Information Technology and Innovation Foundation (ITIF) |
URL |
More Details
Record type | Project |
Sector | Government, Manufacturing (Industrial), Electric Vehicles (EVs), Energy Storage, Automotive |
Article published date | 2025-11-05 |
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