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Volkswagen to Sell 5.3% Equity Stake in Chinese Battery Company Gotion

MT Newswires·09/29/2026 00:17:34
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12:17 AM EDT, 09/29/2026 (MT Newswires) -- Volkswagen (VOW.F, VOW3.F), through Volkswagen (China) Investment, signed definitive agreements to sell a 5.3% equity stake in Chinese battery manufacturer Gotion High-tech, according to a Monday release. The German automotive group will continue to hold a significant stake in Gotion upon completion of the sale, with its voting rights in the latter unaffected, as Volkswagen had previously agreed not to exercise voting rights for part of its stake. The agreement is subject to regulatory approvals. The deal is intended to optimize Volkswagen's shareholding structure and support long-term strategic synergy.