Battery Production How Gotion Is Securing VW's Entry into Europe
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VW is bringing Gotion to Europe for three battery joint ventures and, at the same time, selling shares in its partner. This way, both companies share the investment risk.
Volkswagen plans to sell shares in its Chinese battery partner, Gotion, while at the same time strengthening its ties with the company. What sounds like a contradiction actually follows a logical line of reasoning: Gotion is expected to help VW quickly produce enough batteries in Europe for the group’s electric cars. In return, Volkswagen will assume part of Gotion’s investment risk.
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