Seleccions

Seleccions

Seleccions

Spain business
Home›Spain business›Volkswagen wants to manufacture batteries and small electric cars in Spain

Volkswagen wants to manufacture batteries and small electric cars in Spain

By James K. Martin
July 18, 2021
11
0
Share:


[ad_1]

Volkswagen wants to manufacture batteries and small electric cars in Spain. image: volkswagen

VOLKSWAGEN wants to start manufacturing batteries and small electric cars in Spain by 2025

Volkswagen has announced that it wants to make Spain a strategic pillar of its electrification project by installing the third of its gigausines in the country, where batteries for all of the group’s brands will be produced, while also manufacturing its electric utility vehicles in From 2025, however, this move depends on state subsidies, according to the consortium.

The automaker has presented its New Auto strategy for 2030, a plan in which software development plays a fundamental role, as it is based on building safer, smarter cars and, when the time comes, self-driving cars. .

This is not the only priority for Volkswagen, because by 2030, the industrial group intends to reduce its carbon footprint by 30% compared to 2018 and on the horizon looms the goal of individual mobility, based on cars, represents 85% of the market and its activity by around 2030.

The German consortium has reportedly allocated a fund of 73,000 million euros for investment in new technologies between 2021 and 2025, which represents 50% of its total planned investments, while electrification and digitization will gain weight, so that by being more efficient, a reduction in fixed costs of 5 percent, and another in material costs of 7 percent is expected, an optimization which also occurs by having fewer models with combustion engines .

Spain would become, in Volkswagen’s plans, a fundamental country, if the general framework and state subsidies are deemed sufficient by the German company, which would mean that their Spanish gigafactory project would enter into service in 2025, and would join his others in Skelleftea, Sweden, operated by Northvolt, and the one in Salzgitter in Germany, as reported by malagahoy.es.

___________________________________________________________

Thanks for reading, and don’t forget to check The Euro Weekly News for all your up-to-date local and international news.

[ad_2]

Related posts:

  1. Sivó becomes the first Meltio Engine integrator in Spain and Portugal
  2. Leading multinationals invest in data center markets in Spain, Sweden and Ireland
  3. Algeria-Morocco deadlock threatens Spain’s gas supply
  4. Pandora Papers: Corinna Larsen and businessman Allen Sanginés-Krause are co-owners of a company in Seychelles | United States
Tagsmillion euros
Previous Article

Sunday Showcase: Disney’s Coronado Springs Resort

Next Article

FALLS IN THE SEA | Additional ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Spain business

    Tourism spending in Spain remains at the level of the 90s – CVBJ

    November 20, 2021
    By James K. Martin
  • Spain business

    Iberdrola no longer sees impact from Spain’s profit grab By Reuters

    October 27, 2021
    By James K. Martin
  • Spain business

    Invoicing network for EIB funds in Portugal and Spain

    November 1, 2021
    By James K. Martin
  • Spain beach

    Contemporary villa along Spain’s Costa Blanca boasts an aquarium pool

    October 1, 2021
    By James K. Martin
  • Spain business

    Spain’s first AI map detects 209 key players in the digitization of businesses

    December 15, 2021
    By James K. Martin
  • Spain business

    Realty Income announces additional transaction with Carrefour in Spain

    October 14, 2021
    By James K. Martin

Leave a reply Cancel reply

  • Spain business

    Andrew Tan, the emperor of cognac, takes root in Spain

  • Spain resorts

    Ibiza political group tries to ban beach clubs and hotel parties – News

  • Spain Economy

    HNB FINANCE introduces electronic signature model with Docusign – The Island