M&AIndustrialsSIGNED
Gotion Completes Chinese Entry into Spanish Gigafactories
Value
€1.1Bn
Acquirer
Gotion
Target
Volkswagen gigafactory in Sagunto
Chinese giant Gotion has acquired a 49% stake in Volkswagen's Sagunto gigafactory for €1.1 billion. This move signifies a significant Chinese investment in Spain's electric vehicle battery production infrastructure.
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