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Gotion High-Tech invests 1.29 billion U.S. dollars in partnership with Volkswagen's PowerCo to strengthen Spain's EV value chain.

Oct 05, 2026

Contract Type

partnership

Riyadh RegionEnergyRenewable EnergyEnergy ManagementBiomass Energy

Description

Gotion High-Tech is set to invest around 1.1 billion euros for a 49-percent stake in PowerCo's battery-cell plant in Sagunto, Spain. This partnership aims to enhance Spain's position in the electric vehicle market and is expected to start operations in 2027.

Company Information

Company

Gotion High-Tech

Location

Riyadh Region, Saudi Arabia

About

Gotion High-Tech specializes in providing integrated green energy solutions, focusing on zero carbon innovations for scalable and replicable applications in the Middle East. Their product offerings include advanced energy storage systems and smart energy management platforms. Gotion is committed to supporting Saudi Arabia's Vision 2030 through its sustainable energy initiatives. The company is expanding its global footprint with multiple zero carbon certified factories and renewable energy projects.

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Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies

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