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PowerCo Guarantees Sagunto's Gigafactory by Selling 49% to Chinese Gotion

Summary by La Razón
It reaches an agreement with the battery manufacturer of which the German company has a 26% property similar to that of Ford and Geely in Almussafes

4 Articles

Lean Left

The agreement is part of an operation that affects three plants and allows Volkswagen to alleviate the high costs of its subsidiary PowerCoGotion batteries arrives in Spain as a new battery giant from Hefei and Wolfsburg Volkswagen continues its process of restructuring and slimming. It has announced an agreement with the Chinese group Gotion High-Tech, participated by Volkswagen itself, for the sale of 49% of the gigafactory of Sagunt batteries…

·Madrid, Spain
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Lean Right

It reaches an agreement with the battery manufacturer of which the German company has a 26% property similar to that of Ford and Geely in Almussafes

·Madrid, Spain
Read Full Article

Chinese capital boost for one of the main industrial projects of the Valencian Community: the gigafactory of battery cells of Volkswagen in Sagunto (Valencia),...

·Madrid, Spain
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Just over two months after Ford and Geely announced an agreement to share the Almussafes plant, Chinese capital is taking a new step into the industrial fabric of automation in the Valencian Community. In this case, the Chinese giant Gotion —one of the world's largest manufacturers of lithium-ion batteries for electric cars and energy storage systems— has bought 49% of the battery plant that PowerCo (Volkswagen) is building in Sagunto. It is not…

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La Razón broke the news in Madrid, Spain on Monday, September 28, 2026.
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