The Volkswagen Group has announced that it will be building a new Gigafactory for battery cell production in Spain.
The new plant is set to be built in Valencia, Spain, making it Volkswagen's second battery cell location after Salzgitter and the first one outside of Germany.
The city of Valencia was chosen as it offered access to a qualified workforce, alongside good logistic connections and access to green energy. Volkswagen is aiming for a production capacity of 40GWh annually at the Valencia plant, and plans to employ more than 3,000 people at the location. Construction of the plant is scheduled to begin from the end of 2022, while the plant is set to start production from 2026.
Volkswagen plans to build six Gigafactories in Europe, inclusive of the plant set up by its partner Northvolt in Sweden. These six plants will offer a combined total annual capacity of 240GWh so as to meet its demand for premium battery cells in the future.
The new plant is set to be built in Valencia, Spain, making it Volkswagen's second battery cell location after Salzgitter and the first one outside of Germany.
The city of Valencia was chosen as it offered access to a qualified workforce, alongside good logistic connections and access to green energy. Volkswagen is aiming for a production capacity of 40GWh annually at the Valencia plant, and plans to employ more than 3,000 people at the location. Construction of the plant is scheduled to begin from the end of 2022, while the plant is set to start production from 2026.
Volkswagen plans to build six Gigafactories in Europe, inclusive of the plant set up by its partner Northvolt in Sweden. These six plants will offer a combined total annual capacity of 240GWh so as to meet its demand for premium battery cells in the future.
