M&AIndustrialsSIGNED
Volkswagen Sells 49% Stake in Sagunto Battery Plant to Gotion for €1.1 Billion
Value
€1.1Bn
Acquirer
Gotion
Target
Volkswagen's Sagunto battery plant (49% stake)
Volkswagen has sold a 49% stake in its battery gigafactory in Sagunto, Spain, to Chinese company Gotion for €1.1 billion. The two companies will jointly manage this plant, along with two others in Slovakia and Morocco.
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