Volkswagen Wants To Spend $7.7 Billion Turning Spain Into An EV Hub, Build Gigafactory | Carscoops

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Volkswagen Wants To Spend $7.7 Billion Turning Spain Into An EV Hub, Build Gigafactory | Carscoops
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Volkswagen Wants To Spend $7.7 Billion Turning Spain Into An EV Hub, Build Gigafactory | Carscoops carscoops

with an output of 40 GWh per year. The plant would produce the automaker’s upcoming unified cell, be supplied by renewable energy, and enable renewable battery production.wants to open the plant by 2026. To do that, though, it says it has to begin construction by the end of the year and that will depend on the Spanish government approving its PERTE submission and finalizing permits on a tight timeline.

“To be competitive in the new electric world, we now have to raise productivity in our Spanish car production,” said Schmall. “We need to qualify many of our people for new tasks, including battery development and production. This calls for a lot of flexibility by everyone and a possible change of jobs.”

He added that if it gets the government’s support, the plan will have a positive effect on employment in the country.is Europe’s second-largest vehicle manufacturer, and funds for PERTE were recently approved by the European Union. PERTE “is a historic opportunity to turn the manufacture of electric and connected vehicles into a driving project that strengthens the automotive industry throughout the country,” said Spain’s minister for Industry, Trade, and Tourism, Reyes Maroto,. “We have the industrial capacities and the leadership of companies to invest in the mobility of the future, a mobility that will be more sustainable, digital, connected, and safe.

In all, Volkswagen plans to build six Gigafactories in Europe with a combined annual capacity of 240 GWh.

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