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Gotion High-Tech
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Volkswagen and Gotion High-Tech plan to invest 3.22 billion euros to build three electric vehicle battery production lines in Europe and North Africa.
Volkswagen Group and its Chinese partner Gotion High-tech plan to jointly invest 3.22 billion euros (approximately $3.66 billion) to establish three electric vehicle battery production lines in Europe
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Gotion High-tech's net profit for the first half of the year increased by 278.05% to 1.386 billion yuan, and its global market share for power batteries rose to fifth place.
In the first half of 2026, Gotion High-tech achieved operating revenue of 27.776 billion yuan, a year-on-year increase of 43.22%. Among this, revenue from the power battery system business grew by 61.
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Volkswagen and Gotion High-Tech plan to invest 3.22 billion euros to build three electric vehicle battery production lines in Europe and North Africa.
Volkswagen Group and its Chinese partner Gotion High-tech plan to jointly invest 3.22 billion euros (approximately $3.66 billion) to establish three electric vehicle battery production lines in Europe
-
Gotion High-tech's net profit for the first half of the year increased by 278.05% to 1.386 billion yuan, and its global market share for power batteries rose to fifth place.
In the first half of 2026, Gotion High-tech achieved operating revenue of 27.776 billion yuan, a year-on-year increase of 43.22%. Among this, revenue from the power battery system business grew by 61.
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Gotion High-Tech
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