<p><img src="https://hawk-oss.hawkinsight.com//picture//202406/299459594_884.jpg" style="width: 100%;">Guoxuan Hi-Tech has signed a new cooperation agreement to cooperate with two partners in Spain in energy storage and the development of new materials.。(File photo shows Guoxuan battery。Credit: CnEVPost) Volkswagen-backed Chinese battery giant Guoxuan Gaoke (SHE: 002074) plans to build an energy storage plant in Spain to continue its efforts in international markets。Chinese battery manufacturer Guoxuan Technology said in a statement yesterday that it recently signed a cooperation agreement with Spain's Phi4Tech Technology Group and the UAE's Unicorn RE.。The company will work with partners in the European energy sector on a range of projects, from new materials to final energy solutions, and plans to build an energy storage plant in Spain in the coming years, said Guoxuan Technology.。The cooperation is expected to open up new growth points for Guoxuan in the European energy storage market and provide new opportunities for both parties to promote the development of the new energy industry chain in southern Europe.。Guoxuan Technology and Phi4Tech's Nanomate and SiloGrid signed business cooperation agreements for battery materials and energy storage power stations respectively.。|Join our Telegram to receive news immediately (Guoxuan Technology signs battery materials business cooperation agreement with Nanomate, Phi4Tech。Credit: Guoxuan Technology) Corn RE University said it will use its resources in the UAE and Europe to help two new energy companies enter the Spanish market。Phi4Tech is an energy technology group involved in raw material extraction, storage projects and material design.。According to the official statement of Guoxuan, the group is the owner of Europe's second largest lithium mine and the only nickel mine, and the initiator of the largest energy storage and environmental capacitor factory project in southern Europe。Unicorn RE is a UAE-based international M & A business unit that specializes in cross-border investments for Chinese and European companies.。According to data from South Korean market research agency SNE Research, Guoxuan is one of the world's largest battery manufacturers, accounting for 2% of the global power battery installed capacity from January to March..1% share, ranking ninth in the world。The Chinese battery maker is backed by Volkswagen, which increased its stake to 26 in December 2021..47%, becoming its largest shareholder。The latest cooperation agreement marks the further expansion of Guoxuan Technology into the European market.。On September 1, 2023, European battery manufacturer InoBat AS said that Guoxuan Technology acquired a 25% stake in it, paving the way for R & D and localization of the battery value chain in Europe, the Middle East and Africa.。InoBat said at the time that the deal was the first major investment by China's top global battery manufacturer in a European startup, initially focusing on Central and Eastern Europe and Morocco to produce green battery materials.。</p>