China's Gotion invests $1.25 bln in Volkswagen battery plant in Spain

China's Gotion SZSE:002074 will invest €1.1 billion ($1.25 billion) in Volkswagen's XETR:VOW battery plant in Valencia, Spain, becoming a major investor in the site under a broader plan to jointly develop a European battery supply chain.Volkswagen on Monday said it would sell a 5.3% equity stake in…