Volkswagen will present this coming Thursday in Sagunto (Valencia) the project of its battery factory for electric cars, as reported by the German company to the Generalitat Valenciana. The factory will have annual capacity of 40 GWh and is part of Volkswagen’s electrification strategy, which includes the construction of six battery factories in Europe.
This Thursday Volkswagen will present the details of the Sagunto battery factory project, which will be the largest industrial investment made in the Valencian Community. will be reversed more than 7,000 million eurosincluding external suppliers in the supply chain, and it is planned that more than 3,000 direct jobs and between 10,000 and 12,000 indirect. According to the regional government, it will be “a decisive step to position the Valencian economy as a strategic pole in southern Europe for electric vehicles and sustainable mobility.”
The Volkswagen battery factory opts for program financing Strategic Projects for the Recovery and Economic Transformation for the Electric and Connected Vehicle (PERTE VEC) that the Government has called to promote the manufacture of electric cars in Spain. The PERTE VEC aims to promote and attract investment in the automotive industry, focusing on the electric car, battery manufacturing and the supply chain around mobility. It will have 2,975 million euros of public investment and the government estimates that it will mobilize another 24,000 million euros from the private sector in the 2021-2023 period.
The presentation ceremony, whose location and time have not yet been finalized, will be attended by the heads of Volkswagen and SEAT, its Spanish subsidiary, and will also be attended by the president of the Generalitat Valenciana, Ximo Puig.
The gigafactory of Volkswagen batteries will be located in the industrial and logistics estate Parc Sagunt 2, next to the port of Sagunto, in the province of Valencia. Volkswagen has confirmed that it will start producing batteries in 2026, so factory construction should start next year at the latest. However, next Thursday we will know more details in this regard.
The Spanish factory is part of Volkswagen’s ambitious electrification strategy, in which it plans to build six new battery gigafactories by 2030, with a combined capacity of 240 GWh (40 GWh each), which will represent an investment of 30,000 million euros in total. Two other factories have already been announced in Skellefteå (Sweden) and in Salzgitter (Germany). Volkswagen will build another factory in Eastern Europe and the location of the other two has not yet been announced.
The Sagunto factory will manufacture batteries for small electric cars, the small electric cars of the Volkswagen Group that will be manufactured in Martorell (Barcelona) and Landaben (Navarra). In addition, it could supply Ford with batteries as a result of the agreement between the American company and Volkswagen. When fully operational, the Sagunto factory will be able to supply batteries to around 650,000 electric cars per year.