Gotion High-Tech has provisionally secured €92 million in support from Spain’s Strategic Project for Electric and Connected Vehicles (PERTE VEC) to advance two industrial initiatives in Valladolid focused on electric-vehicle batteries. The funding is part of a combined investment exceeding €944 million, which is expected to generate thousands of direct and indirect jobs and underscores growing interest among Chinese battery manufacturers in Spain.
The first project involves a new cathode material production facility in Castilla y León. With a total budget of €532.8 million, this plant will produce key components for lithium-ion batteries. The Spanish Ministry of Industry and Tourism has approved approximately €9.7 million in provisional aid for this initiative. The second project is an advanced battery-recycling plant designed to recover “black mass,” a valuable mixture of metals extracted from end-of-life battery cells. This facility carries a budget of €411.5 million, with around €83.3 million in provisional public support.
Originally led by Slovak firm Inobat, the Valladolid projects came under Gotion’s control following its entry into the capital structure. Company representatives have already discussed a broader Spanish investment plan with Prime Minister Pedro Sánchez, indicating the potential for up to €5 billion in future spending across the country.
Gotion’s Valladolid plans will complement its existing battery operations, including a facility in Kénitra, Morocco, and follow other major Chinese investments in Spain. Contemporary Amperex Technology Co. Limited (CATL) is building a factory in Zaragoza, and Envision AESC is developing sites in Extremadura. Recently, Hithium Energy Storage Technology announced a €400 million battery-cell plant in Navarra, projected to create around 1,000 jobs.
Spain has prioritized attracting battery-industry investments to secure local supply chains and reduce reliance on imports. While these projects benefit from strong financial incentives and political support, their success will depend on timely execution and the ability to compete within Europe’s increasingly competitive electric-vehicle sector.
Source: ForoCochesElectricos
