Volkswagen’s battery arm PowerCo is currently in talks to turn its under-construction gigafactory in Valencia into a joint venture with Gotion High-Tech. ⚡️
The deal would give the Chinese manufacturer a majority stake in the plant, deepening the ties between the two companies. Volkswagen already holds roughly 26% of Gotion, making this a logical next step in their partnership. The site is a massive part of a €10 billion investment plan in Spain, targeting an initial capacity of 40 GWh with early-stage cell production kicking off in December 2026. 🔋
This push is a strategic shift from Volkswagen’s earlier approach of relying on external suppliers. It brings the company closer to the model used by Tesla or BYD, where automakers own their battery tech to slash costs and keep the supply chain secure. 🇪🇸
By bringing in a partner for the build, Volkswagen is hedging its bets to ensure the facility actually hits its targets.
Better to share the risk than go it alone.🚀
#Volkswagen #PowerCo #Gotion
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