In Pictures: PowerCo taps EllisDon as general contractor for St. Thomas gigafactory build
A visual look at PowerCo taps EllisDon as general contractor for St. Thomas gigafactory build.
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Gotion High-tech and Volkswagen's PowerCo will jointly invest about $3.67 billion in battery cell projects in Spain and Slovakia plus a cathode materials plant in Morocco. The three joint ventures target combined annual capacity of 37.5 GWh of lithium-ion batteries and 100,000 metric tons of LFP cathode materials, primarily serving Volkswagen's European demand.