Volkswagen Deepens Gotion Battery Ties in Europe While Trimming Stake

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Volkswagen agreed on Monday to expand its partnership with Chinese battery manufacturer Gotion through three joint ventures across Spain, Slovakia, and Morocco to accelerate its European supply chain, while separately selling a 5.3% equity stake in the company while remaining a significant shareholder.
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