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Volkswagen to acquire 26% stake in Gotion High-Tech, battery manufacturer in China
On May 29, Volkswagen announced that Volkswagen (China) Investment Co. Ltd. will become the largest shareholder in Gotion High-Tech (Gotion), with 26 percent of the shares, through a buy-in of around EUR 1.1 billion. Volkswagen is the first global automaker to invest direct in a Chinese battery supplier. It is planne....
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