Volkswagen in takeover talks with Chinese partner on Spanish battery plant, trade outlet reports

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BERLIN, July 27 : Volkswagen and its Chinese partner Gotion are in advanced talks regarding a takeover of Volkswagen's battery plant in Valencia, Spanish trade publication La Tribuna de Automoción reported on Monday.

The process has involved high-level visits from the Chinese battery manufacturer's CEO to evaluate the operation, the report said, citing industry sources.

A spokesperson for Volkswagen had no immediate comment.

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