Volkswagen, PowerCo and Gotion plan three LFP battery joint ventures in Spain, Slovakia and Morocco
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 Group, PowerCo and Gotion High-tech are forming three joint ventures linked to lithium iron phosphate (LFP) battery production, according to the source. The projects are planned for Valencia, Spain, and Šurany, Slovakia, with LFP cathode material production also included in Morocco.
The source says the ventures are intended to produce LFP battery cells in Spain and Slovakia. It also says one of the joint ventures will cover LFP cathode material in Morocco.
No further details on timing, investment or capacity are provided in the input.