[Lithium Battery: Gotion High-Tech In Talks With Volkswagen Over Spanish Battery Plant Cooperation]

Published: Jul 30, 2026 11:47

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According to reports, Gotion High-Tech is currently in deep negotiations with Volkswagen regarding the battery gigafactory under construction in Valencia, Spain. The discussions involve establishing a joint venture around the factory, with Gotion High-Tech potentially securing a majority stake in the venture. Gotion High-Tech's Chairman, Li Zhen, has led a team to conduct on-site inspections at the Sagunto plant site in Valencia. These negotiations are focused solely on the Valencia plant and do not involve Volkswagen's battery subsidiary PowerCo's other global assets. The factory was originally scheduled to begin trial production in September 2026, but due to construction and supply chain factors, the production timeline has been adjusted to the end of 2026. In response to market speculation, PowerCo stated that it continuously evaluates various strategic cooperation opportunities but currently has no plans to relinquish control of the Valencia plant. The negotiations are still ongoing, and whether the transaction will be finalized and the exact structure of the cooperation remain undetermined.

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