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InsideEVs
InsideEVs
Technology
Mark Kane

Volkswagen Group Announces €3 Billion Battery Gigafactory In Spain

Volkswagen Spain Northvolt Europe Iberdrola

The Volkswagen Group and SEAT announced that together with partners in the Future: Fast Forward project (total of 62 companies), it will invest €10 billion ($10.6 billion) to make Spain a European hub for electric mobility.

Part of the amount, which is described as the single largest industrial investment in Spain's history, is expected to come from the Strategic Project for Economic Recovery and Transformation program (PERTE), but the application must first be successfully accepted by the government.

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