Gotion to invest $1.25 billion in Volkswagen battery plant in Spain
Reuters reports the plant is in Valencia and the investment is part of a broader plan to jointly develop a European battery supply chain.
TLDR
Reuters reports China's Gotion will invest €1.1 billion ($1.25 billion) in Volkswagen's battery plant in Valencia, Spain, under a broader plan to jointly develop a European battery supply chain.
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