Volkswagen and Gotion plan $3.7 billion battery investment in Europe and North Africa
Bloomberg reports the planned €3.22 billion investment is part of an effort to build an electric-vehicle supply chain outside China.
TLDR
Bloomberg reports Volkswagen and Gotion High-Tech plan to invest €3.22 billion ($3.7 billion) in battery facilities in Europe and North Africa as they work to establish an electric-vehicle supply chain outside China.
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