Volkswagen, Gotion deepen battery ties in Europe as VW sells 5.3% stake

t-online

Lean Left

Factuality

Ownership

The development and production of battery cells for e-cars costs a lot of money. VW is now working more closely in Europe with a partner from China. How both want to benefit from this.

El Debate

Right

Factuality

Ownership

Circumstances for a battery factory that has benefited from major European and local funds

Zeit Online

Lean Left

Factuality

Ownership

Here you can find information on the topic "Production in three countries". Read now "VW agrees billions pact with battery partners from China".

abc

OKDIARIO

Right

View article

Reposted by

OKDIARIO

Lean Right

Factuality

Ownership

The Volkswagen Group, PowerCo and Gotion High-Tech have agreed to ‘deepen their strategic alliance’ through a ‘joint venture’ for the development and operation of the battery cell gigafactory currently under construction in Sagunto (Valencia) and thus strengthen their position as ‘a strategic hub in Europe for lithium-ferrophosphate battery technology (LFP)’. Thus, the Chinese manufacturer invests about €1.1 billion to take 49% of the gigafactor…

Sueddeutsche Zeitung

Lean Left

Factuality

Ownership

Europe's largest automaker and Chinese battery cell manufacturer Gotion are expanding their cooperation. A European production center for unit cells is to be established in Valencia, Spain. VW speaks of a "breakthrough".

Frankfurter Allgemeine

Lean Right

Factuality

Ownership

China's high-tech specialist Gotion is joining the cell factory in Spain at EUR 1.1 billion. Further cooperation from VW is planned – and is expected to reach deep into the value chain.