Jan 12, 2023 - 03:41 pm
PowerCo secures land for Volkswagen’s next battery factory
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.
Nov 10, 2022 - 11:25 am
Volkswagen to invest €10 billion in e-mobility projects in Spain
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.
Oct 26, 2022 - 12:13 pm
Seat receives almost half of Spain’s PERTE grant
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.
May 6, 2022 - 11:28 am
VW raises investment sum in Spain
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.
Mar 23, 2022 - 01:05 pm
VW confirms plans for battery plant near Valencia
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.
Feb 24, 2022 - 01:44 pm
VW settles on location for Spanish battery plant
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.