In Pictures: Gotion and Volkswagen to invest $3.67B in European battery supply chain

Gotion and Volkswagen's joint battery ventures aim to supply 37.5 GWh of lithium-ion cells annually for European EVs.

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The $3.67 billion investment spans battery cell projects in Spain and Slovakia plus a cathode plant in Morocco.

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Volkswagen's PowerCo will rely on the new joint ventures to meet rising European demand for electric vehicles.

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The three joint ventures mark a major step in Europe's push to localize its battery supply chain.

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LFP cathode materials from the Morocco plant will feed battery production for Volkswagen's European lineup.

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Combined annual capacity of 100,000 metric tons of LFP cathode materials is expected from the Morocco facility.

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Gotion High-tech and Volkswagen deepen their partnership as European EV sales continue to climb.

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The joint battery projects are scheduled to serve Volkswagen's growing fleet of electric models.

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The investment underscores Volkswagen's strategy to secure battery supply close to its European assembly plants.

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