Market Chatter: Volkswagen in Talks to Transfer Majority Control of Spanish Battery Cell Gigafactory to Gotion

12:05 PM EDT, 07/27/2026 (MT Newswires) -- Volkswagen (VOW.F, VOW3.F) and Gotion High-Tech are in advanced talks over a deal that would give the Chinese supplier majority control of the German carmaker's Sagunto battery cell gigafactory in Valencia, Spain, Spanish trade publication La Tribuna de Automoción reported Monday, citing industry sources. The discussions include forming a joint venture that will own a majority stake in the Sagunto facility, with Volkswagen unit PowerCo, the current operator, retaining a minority stake. Site visits by Gotion's Chief Executive Officer Li Zhen, as well as technical meetings with factory employees, have taken place as part of the evaluation process, the sources added. Volkswagen and Gotion did not immediately respond to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)