Volkswagen’s affordable EV plans have a new Chinese partner

T2Covered by 1 source · first reported by TNW at 29 Sept, 16:45 UTC

Volkswagen has agreed three joint ventures with China’s Gotion to build lithium iron phosphate battery capacity, selling 49% of PowerCo’s Valencia plant and taking minority stakes in a Slovak cell plant and a Moroccan cathode plant. Volkswagen says Europe currently has no relevant capacity of its…