Volkswagen announced in March that it would spend 7 billion euros on building a battery plant and manufacturing electric cars at its existing plants in Spain.
This amount has now increased to $10 billion with the participation of new partners
Volkswagen CEO Herbert Diess said.
The CEO said that Spain was the second largest car maker in Europe after Spain By building a new giant battery factory and redesigning existing Volkswagen plants Fitted for electric cars. Then he added it
We create a complete supplier ecosystem, from lithium extraction to battery assembly.
It is important to know that in April, Spain launched an application for about 3 billion euros in loans and grants to boost the production of electric cars. Volkswagen and its Spanish interests, Seat, made a bid. The winners will be selected from the European Union’s Epidemic Control Fund, or the so-called PERTE Fund, this year.
Volkswagen Group plans to invest 3 billion euros in its plant in Sagunto, another 3 billion euros in four SEAT plants, including Martorell near Barcelona, and 1 billion euros in Pamplona.
It was also announced that a partnership agreement had been signed with Spain’s largest electricity supplier, Iberdrola, to create a solar park to partially supply the company’s battery plant in Sagunto, near Valencia.
“Friendly thinker. Wannabe social media geek. Extreme student. Total troublemaker. Web evangelist. Tv advocate.”
You may also like
-
The European Central Bank is already warning banks that a meltdown is coming
-
Kim Kardashian gets punished for promoting cryptocurrency
-
Index – Gazdaság – Újabb közvetlen légijárat indul Budapestről egy nagy városba
-
Car: Citroen unveils an amazing new product
-
You’ll get a cure if you discover what research says is the secret to a long life