Gotion High-Tech: Its Subsidiary Inks an Engineering Contract Valued at 1.094 Billion Euros

15 hour ago / Read about 0 minute

Author：小编

On September 28, Gotion High-Tech made an announcement stating that its wholly-owned subsidiary, Gotion Spain, is set to enter into two contracts with PowerCo Spain, which is a subsidiary under the Volkswagen Group umbrella. These contracts pertain to the general contracting work for the Phase I drying room and Phase II engineering of the '29.1 GWh Annual Lithium Battery Project.' The combined contract value reaches a staggering 1.094 billion euros. As this transaction involves a related-party deal, it necessitates the approval of the shareholders' meeting before proceeding.

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