Volkswagen, PowerCo and Gotion plan LFP battery sites in Europe and Morocco
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, PowerCo and Gotion plan three LFP battery production sites in Spain, Slovakia and Morocco, according to the source.
The planned projects are described as part of an effort to strengthen Europe’s EV battery supply chain.
No further details on timing, capacity or investment were provided in the source.