Gotion High-tech, a prominent Chinese battery manufacturer backed by Volkswagen, has recently entered into a strategic partnership to develop energy storage facilities and new materials in Spain. In collaboration with Phi4Tech Technology Group from Spain and Unicorn RE from the UAE, Gotion aims to advance its presence in international markets and fuel its growth in the European energy storage sector.
The partnership agreement encompasses several areas of cooperation, spanning from the development of cutting-edge materials to the implementation of comprehensive energy solutions. Over the next few years, Gotion plans to establish energy storage plants in Spain, a move that will contribute to the expansion of its operations and the creation of new opportunities in the European market.
By collaborating with Phi4Tech’s Nanomate and SiloGrid, Gotion seeks to strengthen its presence in the battery materials and energy storage power plant sectors, respectively. Phi4Tech, an energy technology group with expertise in raw material mining and storage projects, owns Europe’s second-largest lithium mine and a nickel mine, along with the initiation of a large-scale storage and environmentally friendly capacitor plant project in southern Europe.
Unicorn RE, an international M&A business unit based in the UAE, will utilize its resources in the UAE and Europe to support the entry of these new energy businesses into the Spanish market.
Gotion’s partnership with Phi4Tech and Unicorn RE holds significant potential for their growth in the European energy storage market. The collaboration not only strengthens Gotion’s position as one of the world’s largest battery manufacturers but also fosters the development of new energy chains in southern Europe.
This endeavor is another milestone for Gotion as it expands its operations in Europe. In 2023, the company acquired a 25 percent stake in European battery maker InoBat AS, marking its first major investment in a European startup. Through this partnership, Gotion aims to establish a research and development center and a localized battery value chain in Europe, the Middle East, and Africa, with a focus on Central and Eastern Europe and Morocco.
With its continued innovation and strategic collaborations, Gotion demonstrates its technological capabilities and commitment to advancing the all-solid-state battery technology. The company’s entrance into the energy storage market in Spain highlights its dedication to providing sustainable and efficient solutions to the global energy landscape.
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