SEAT S.A. and the Volkswagen Group have announced their intention to mobilise more than 7 billion euros to electrify Spain as part of their commitment to the country and developing the electric vehicle. This would represent the single largest industrial investment in Spanish history. The Future: Fast Forward programme would include the installation of a battery cell factory in Sagunto, Valencia. All plans and investments are still subject to final approval of the PERTE submission.
“This project is highly important – for Volkswagen, for Spain, and for the whole of Europe. It’s our ambition to electrify Spain and we are willing to invest more than 7 billion Euro together with external suppliers for the electrification of our Martorell and Pamplona plants and the localization of the electric battery production value chain in Valencia“Thomas Schmall, member of the Volkswagen AG Board of Management responsible for Technology and chairman of the SEAT S.A. Board of Directors...
