Gotion High-tech and Volkswagen’s battery subsidiary PowerCo plan to invest a combined €3.22 billion ($3.67 billion) in three projects aimed at building a localized supply chain for Volkswagen’s European market. The proposal includes battery plants in Spain and Slovakia with combined annual capacity of 37.5 GWh, plus a lithium iron phosphate cathode-materials facility in Morocco.
New Energy
Gotion and Volkswagen Outline $3.67 Billion Battery Supply Chain Plan
The proposed projects in Spain, Slovakia and Morocco would add battery and cathode-materials capacity, subject to approvals and final agreements.
Source: CnEVPost2026-09-281 min read
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