Volkswagen in takeover talks with Chinese partner on Spanish battery plant, trade outlet reports
FILE PHOTO: Volkswagen logo is seen in this illustration taken July 28, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
BERLIN, July 27 : Volkswagen and its Chinese partner Gotion are in advanced talks regarding a takeover of Volkswagen’s battery plant in Valencia, Spanish trade publication La Tribuna de Automoción reported on Monday.
The process has involved high-level visits from the Chinese battery manufacturer’s CEO to evaluate the operation, the report said, citing industry sources.
A spokesperson for Volkswagen had no immediate comment.
Source: Reuters
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
About The Author
