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Volkswagen’s affordable EV plans have a new Chinese partner

Volkswagen has agreed three joint ventures with China’s Gotion to build lithium iron phosphate battery capacity, selling 49% of PowerCo’s Valencia plant and taking minority stakes in a Slovak cell plant and a Moroccan cathode plant. Volkswagen says Europe currently has no relevant capacity of its own in the chemistry. Volkswagen has agreed three joint […] This story continues at The Next Web

Published Sep 29, 2026 · 1:00 PMOriginal source: The Next Web1 reads
Volkswagen’s affordable EV plans have a new Chinese partner
Volkswagen has agreed three joint ventures with China’s Gotion to build lithium iron phosphate battery capacity, selling 49% of PowerCo’s Valencia plant and taking minority stakes in a Slovak cell plant and a Moroccan cathode plant. Volkswagen says Europe currently has no relevant capacity of its own in the chemistry. Volkswagen has agreed three joint […] This story continues at The Next Web
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