VW, Gotion invest €3.22B in Europe, Morocco battery plants to meet EV demand

Volkswagen and Gotion High-tech announced a €3.22 billion joint investment to build three lithium-ion battery production lines in Europe and North Africa, adding 37.5 GWh capacity and 100,000 metric tons of cathode material. This expansion signals continued supply-chain localization for EV batteries outside Asia, with Morocco serving as a strategic hub for European and North African markets. The move reflects rising EV demand and efforts to diversify battery sourcing amid geopolitical supply-chain concerns.