
Gotion High-Tech and Volkswagen will jointly own factories in China with capacity to produce 37.5 GWh of lithium-ion batteries and 100,000 metric tons of cathode materials annually, supporting Gotion's overseas expansion and strategic partnership with Volkswagen.
AI-generated summary
Gotion High-Tech is China's fourth-largest EV battery maker, pursuing overseas expansion to strengthen its global market position.
The factories, to be jointly owned by the German marque and China’s fourth-largest EV battery maker, would be capable of delivering 37.5 gigawatt hours (GWh) of lithium-ion battery capacity and 100,000 metric tons of cathode materials a year, Gotion said in an exchange filing on Monday.
The signings were “in line with Gotion’s overseas expansion strategy to consolidate our footprint in the global EV battery market while further deepening our long-term strategic partnership with Volkswagen”, the company said.
AI outlook — possibilities, not facts
Production will begin at the jointly owned factories within the next 2-3 years
Likely · Within years

Pang Xiaogang, spokesman for the State-owned Assets Supervision and Administration Commission of the State Council of China, said on the 28th that the "15th Five-Year Plan" for central enterprises has been issued. The plan clarifies that by 2030, the proportion of added value of strategic emerging industries of central enterprises will increase by another 5 percentage points, and emphasizes shifting the focus to high-quality development and weakening scale indicators such as operating income.

Hong Kong wages grew by 3.4 per cent year-on-year in June, with real wages rising 1.6 per cent after inflation. The government expects further pay increases due to sustained economic expansion and strong labour demand across all surveyed industries.

China and the United States have reached an agreement to implement reciprocal tariff reductions on each US$30 billion worth of imported products, and more than 90% of products will be exempted from additional tariffs. In addition, the two sides confirmed that the trade truce period will be extended to January 10, 2026 to maintain the stability and predictability of economic and trade relations.

The Asian Infrastructure Investment Bank plans to double its annual financing to about US$20 billion by 2030. AIIB President Zou Jiayi announced the target at the bank's annual meeting in Doha.

The Chongqing Municipal Development and Reform Commission announced a regular open call for scenario opportunity lists, capability lists, and case lists from all walks of life in the city, aiming to collect high-quality scenario resources, promote accurate matching of supply and demand, and promote the integrated development of technological innovation and industrial innovation.

On September 28, Xiaoyi City’s 2026 Cultural Tourism Industry High-Quality Development Conference was held in Xiaoyi, Shanxi. At the meeting, the "Three-Year Action Plan for Xiaoyi City to Strive to Become one of China's Top 100 Tourism Counties and Cities (2026-2028)" was released, clarifying a clear path for improving the quality and upgrading of the cultural tourism industry in the next three years and becoming one of the top 100 cities in the country.