Volkswagen has now officially given the go-ahead for the construction of the second battery cell factory of its subsidiary PowerCo in Valencia. Volkswagen is also said to be considering stakes in raw material mines and the sale of its battery cells to other customers.
Read more
Volkswagen’s plans for a battery cell factory in Spain have entered the next phase by purchasing a plot of land. PowerCo, the Group’s battery division, has signed the papers and was ready to invest €63 mn to buy 130 hectares in Sagunt, near Valencia.
Read more
The Volkswagen Group and Seat have given the green light to invest ten billion euros in e-mobility in Spain. The investments announced in May were previously dependent on the Spanish government’s funding under the PERTE eMobility funding programme, which was recently released.
Read more- ADVERTISEMENT -
Spain’s Ministry of Industry has made public the distribution of state aid for the first call of the eMobility funding programme PERTE. In total, the government is distributing 877.2 million euros to ten funding recipients – almost 300 million euros more than previously planned.
Read more
The Volkswagen Group and Seat are increasing their investment in e-mobility in Spain from the initially planned seven billion to ten billion euros. VW wants to invest the money not only in its own plants, but also in building up a supply chain.
Read more
The Volkswagen Group has now officially confirmed the previously leaked plans to build a battery cell factory in Valencia, Spain. This is part of a total investment of more than seven billion euros along the entire e-mobility value chain in Spain.
Read more- ADVERTISEMENT -
Volkswagen has decided on the location for the Volkswagen Group’s battery cell factory in Spain: it is to be built in Sagunt in the province of Valencia in eastern Spain and will have a capacity of 40 GWh per year.
Read more