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Volkswagen and China’s Gotion announced three industrial partnerships to develop lithium iron phosphate battery production in Spain, Slovakia, and Morocco, with the aim of supporting low-cost electric vehicles. The agreements include substantial investments and production capacities, but come as Volkswagen restructures its business amid cost pressures and competition.
Factorial Energy is bringing together companies specializing in materials and battery manufacturing to accelerate the rollout of solid-state batteries, rather than developing all their components internally. The company is working with Mitsui Kinzoku and other partners, while its batteries are still awaiting entry into production vehicles.