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Volkswagen PowerCo, Gotion form LFP battery cell joint ventures in Spain, Slovakia, Morocco

PUBT·09/28/2026 13:36:29
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Volkswagen PowerCo, Gotion form LFP battery cell joint ventures in Spain, Slovakia, Morocco
  • Volkswagen deepened its battery partnership with PowerCo and Gotion via three joint ventures covering LFP cells and cathode materials.
  • Valencia gigafactory to shift into a JV for LFP “unified cells”; PowerCo to hold 51%, Gotion to buy 49%.
  • Šurany cell plant to become a JV focused on EV, energy-storage LFP cells; Gotion to hold 51%, PowerCo 49%.
  • Kenitra project to build an LFP cathode-material plant; Gotion to hold 51%, PowerCo 49%.
  • PowerCo to invest about EUR 470 million by 2030 in Šurany, Kenitra; Gotion to invest about EUR 1.1 billion in Valencia.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Volkswagen AG published the original content used to generate this news brief on September 28, 2026, and is solely responsible for the information contained therein.