New Chinese Investment in the Battery Sector in Spain
August 18, 2026
A new investment by the Chinese giant Gotion in the battery sector is expected to impact the European automotive industry. Gotion plans to invest €940 million in building two factories in Valladolid, Spain, potentially creating around 1,000 permanent jobs. The facilities will focus on battery recycling and component manufacturing. This project will help reduce Europe's dependence on Asia for critical materials. The investment strengthens the region's status as a hub for electric mobility.