Gotion, VW Plan $3.67B Battery and Materials Joint Ventures
Gotion and VW’s PowerCo plan three joint ventures in Spain, Slovakia and Morocco, investing EUR 3.22 billion in batteries and LFP cathode materials.
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Gotion and VW’s PowerCo plan three joint ventures in Spain, Slovakia and Morocco, investing EUR 3.22 billion in batteries and LFP cathode materials.
Gotion High-Tech and C&C Trucks launched the DIANLL mobile charging solution at the 2026 IAA show to enhance electric truck infrastructure.
Global EV battery usage rose 20.4% to 725.2 GWh in 2023, dominated by Chinese suppliers like CATL and BYD.
Volkswagen-backed Gotion High-tech released its 2026 semi-annual report on Aug. 25. During the first half of the year, the company…
Global ESS shipments rose 71% to 461.3 GWh in H1 2026. CATL led with 125 GWh and a 27.1% share as Chinese suppliers took the top 10.
Global EV battery installations reached 469.2 GWh in early 2026, highlighted by strong demand and dominant Chinese manufacturers like CATL and BYD.
China’s battery output surged 19% in February 2026, but installation rates and consumer demand significantly declined.
The top ten battery manufacturers recorded combined installations of 24.8 GWh, accounting for 94.3% of total installations.
Chinese battery suppliers dominated global market with a combined 73.3% share among the top 10 companies.
Production line to begin operations in 2026, pilot vehicle trials in 2027, and mass production by 2030.