Volkswagen, Gotion Deepen Battery Ties in Europe as VW Sells 5.3% Stake
11 Articles
11 Articles
VW, Gotion deepen ties with US$3.7b commitment to EV battery production
Volkswagen Group and its Chinese partner Gotion High-tech have stepped up a gear in tapping global demand for electric vehicle (EV) batteries with plans to invest a combined €3.22 billion (US$3.66 billion) to set up three production lines in Europe and North Africa. The factories, to be jointly owned by the German marque and China’s fourth-largest EV battery maker, would be capable of delivering 37.5 gigawatt hours (GWh) of lithium-ion battery c…
Volkswagen, Gotion deepen battery ties in Europe as VW sells 5.3% stake
BERLIN, Sept 28 (Reuters) - Volkswagen on Monday said it would deepen its partnership with Gotion and accelerate the development of a European battery supply chain through a series of joint ventures, while separately agreeing to sell a 5.3% equit...
Near Valencia, the VW Group is building a huge battery factory. The Group now seems to have found a Chinese partner for this. VW is participating in other plants for this purpose.
Both companies set up joint ventures for three factories. The VW subsidiary Powerco from Salzgitter plays a central role.
Volkswagen, together with its battery subsidiary PowerCo and Chinese partner Gotion High-tech, is expanding the production of LFP batteries for the European market. The companies are already working...To post: Volkswagen and PowerCo: Joint Ventures for LFP Batteries Where to follow us: Facebook, Reddit, Google News, X, Threads Keep up to date?
Milan, 28 sets. (askanews) • Volkswagen strengthens the alliance with the Chinese battery manufacturer Gotion High-tech and focuses on Lfp technology to reduce the costs of electric cars. The German group, the subsidiary PowerCo and Gotion have agreed to the creation of three joint ventures in Spain, Slovakia and Morocco for the industrial production of cells [...]
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