Independent electric transport news covering aviation, maritime, buses, trucks, rail and working machinery.
Volkswagen, PowerCo and Gotion plan lithium iron phosphate battery production sites in Spain, Slovakia and Morocco. The move is intended to strengthen Europe’s EV battery supply chain.
Ebusco said shareholder Gotion will provide €5.86 million in production support to help complete the remaining Rouen bus order. The company also warned that it still needs additional short-term funding to continue operations.
Volkswagen Group, PowerCo and Gotion High-tech said they are forming three joint ventures tied to LFP battery supply chains in Spain, Slovakia and Morocco. The planned projects point to expanded regional battery production capacity, but the input does not provide full project details.
Volkswagen will make LFP batteries for mass-market electric vehicles through joint ventures with China’s Gotion. The move points to a push for lower-cost battery supply in Europe.
Volkswagen and Gotion High-tech are set to deepen cooperation through three joint ventures, including the battery cell factory under construction by PowerCo in Sagunto, Spain. The deal could affect battery projects in Slovakia and Morocco, but its implementation still depends on approval from the relevant authorities.