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.
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 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.
PowerCo says its St. Thomas battery plant is now expected to open in 2029, two years later than previously planned. The company still describes the facility as a cornerstone of its North American strategy.
Volkswagen subsidiary PowerCo has pushed back the timing of battery cell production in St. Thomas, Canada. The company now expects operations to begin in 2029, after construction was initially set to begin in 2027.