Investing.com -- Volkswagen and its partner Gotion are in advanced discussions about a possible stake for the Chinese company in the German automaker's battery plant in Valencia, Spain, according to a report from Spanish trade publication La Tribuna de Automocion on Monday. The discussions have included high-level visits from Gotion CEO Li Zhen to assess the operation, the publication reported, citing industry sources. The Valencia facility is operated by PowerCo, Volkswagen's battery business unit. According to the report, Gotion could acquire a majority stake in a joint venture for the Valencia location. Related articlesVolkswagen and Gotion reportedly in talks over stake in Spain battery plantASML and U.S. chip stocks sink on report of China's DUV breakthroughLVMH's Arnault denies reports of succession battle within family