- Volkswagen Group aims to transform Spain into European E-Mobility Hub
- Total investment of more than 7 billion euro together with external suppliers envisaged
- New cell factory planned to be located in Valencia, creating more than 3.000 jobs
- Thomas Schmall, Volkswagen Group board member for Technology: “This project is highly important – for Volkswagen, for Spain and the whole of Europe”
Volkswagen Group and SEAT reveal electrification plan for Spain
Electrifying Spain by creating a European Electric Vehicle Hub, building up a battery cell production and full, sustainable E-ecosystem: These are the goals of Volkswagen Group and SEAT for the Iberian Peninsula. Today, the Group declared its plan to apply to the Electric Vehicle PERTE program after the Spanish government announced to open the call for applications on April 1st, 2022. The ‘Future Fast Forward’ program would include a total investment of more than 7 billion euros together with external suppliers along the entire value chain of e-mobility. Furthermore, Volkswagen announced Valencia as the dedicated location for a new battery cell factory in Spain. All plans are still subject to final approvals, foremost the PERTE submission.