SEAT S.A. and the Volkswagen Group will mobilize over 7 billion euros to electrify Spain.

24-03-2022 09:12 -

SEAT S.A. and the Volkswagen Group have announced their intention to mobilize over 7 billion euros to electrify Spain as part of the commitment to towards the country and the development of the electric vehicle. It would represent the largest industrial investment in Spanish history. The Future: Fast Forward program would include the installation of a battery cell factory in Sagunto (Valencia).

The Volkswagen Group aims to achieve an annual production capacity of 40 GWh and expects the employment of over 3,000 people at the Valencia plant. The program is very tight: to be ready to start production in 2026, the construction of the plant should start by the end of the year.