StocksMedium•28 September 2026•
1 min read
Volkswagen Deepens Gotion Partnership, Sells 5.3% Stake
Key Facts
1Volkswagen announced it will deepen its partnership with Gotion to accelerate the development of a European battery supply chain through joint ventures.
2Volkswagen separately agreed to sell a 5.3% equity stake in the Chinese battery maker Gotion.
Volkswagen announced it will deepen its partnership with Gotion to accelerate the development of a European battery supply chain through joint ventures. Reuters reported that the company separately agreed to sell a 5.3% equity stake in the Chinese battery maker Gotion.
VWAGY closed at $8.15 on September 25, 2026, with a day high of $8.19 and a low of $8.10. The move represents a strategic shift toward localized operational joint ventures in Europe as the company adjusts its direct investment in the Chinese firm.