Gotion High-Tech, in partnership with Spain’s Ministry of Industry, has officially unveiled its major project in Valladolid. The company will invest around €950 million to establish a facility for producing battery cathodes alongside a battery recycling plant.
To support the investment, Gotion High-Tech will receive €138 million in grants from the Spanish government under the PERTE funding programme—€46 million more than previously reported in May. The company has allocated €411.5 million for the recycling plant and €539.1 million for the cathode production facility, bringing the total investment to approximately €950 million.
Construction of the industrial complex in Valladolid is now confirmed to begin in 2027. The first phase of the project will involve the development of a battery recycling plant with the capacity to process up to 200,000 tonnes of battery material annually. Gotion’s leadership has identified the recycling facility as Phase One of the broader project.
The second phase will focus on establishing a cathode material production plant with an annual capacity of 200,000 tonnes. However, the company has not yet announced a timeline for completing the first phase or commencing the second. Gotion has confirmed that both facilities in Spain will operate alongside its planned 20 GWh battery cell manufacturing plant in Morocco.
The two facilities will be built on a 12-hectare industrial site near Valladolid. The project’s construction is being enabled by financial support from the Spanish government through the PERTE eMobility funding programme. The initiative has previously awarded grants worth hundreds of millions of euros to Seat, Stellantis Group, and PowerCo, Volkswagen’s battery division.
Commenting on the project in an interview with El País, Spanish Transport Minister Óscar Puente said, “Gotion aims to bring the plants online very soon. The cathode material plant will be unique in the European Union, and the recycling facility will also feature technological components that set it apart from others.”
Puente further highlighted Gotion’s plans, in collaboration with Inobat, to invest approximately €5 billion in developing a pioneering European facility covering the entire battery supply chain, reducing dependence on tariffs and fluctuations in international markets. Referring to the current investment, he added that the first phase, worth €950 million, can now move forward, stating that “the ministry is firmly convinced that Gotion will continue its investments until the total in Spain reaches €5 billion.”
The two facilities were originally planned as a joint project with Slovak battery cell manufacturer Inobat. However, after Inobat failed to provide the guarantees required by the Spanish government, Gotion, which is a shareholder in Inobat, assumed responsibility for the project. Volkswagen remains Gotion High-Tech’s largest shareholder.
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