The Spanish car manufacturer Seat has announced that it intends to enter the production of batteries for electric vehicles, and the first step will be the construction of a brand new factory that will be financed from EU funds. The European Union will finance the project with 1.5 billion euros, and Seat will invest an additional 300 million euros. The factory should start operating in 2025.

The factory will cover an area of 64,000 square meters, the equivalent of nine football fields, and will create more than 400 direct jobs and an additional 100 indirect jobs. The management of Seat and Cupra wants to position Spain as the center of electromobility in Europe. In this regard, an initiative has been proposed to the government to deduct 15% of the personal income tax from every buyer of an electric vehicle in Spain in order to stimulate car sales while expanding the network of charging stations.

This factory will also produce PowerCo cells, and will be produced in Sagunto (Valencia). At the same time, the battery factory will be connected to a factory where zero-emission models will be produced for the entire Volkswagen Group.

CEO of SEAT & CUPRA Wayne Griffiths, stated that the construction will start at the beginning of the eighth month of this year.

Source: Seat