Spanish carmaker SEAT said on Wednesday that it plans to build Spain’s first electric car battery plant as part of a 10-billion-euro investment in the country’s electric car initiative.
The Spanish government said last year that it would convert the country’s car manufacturing industry, the second-largest in Europe, with funds from the European Union’s post-pandemic recovery plan.
SEAT, which is part of the Volkswagen Group, plans to build the battery plant in Sagunto, a town near the eastern city of Valencia.
The company said the Volkswagen Group would also electrify SEAT’s existing car plants in the northern city of Pamplona and Martorell, a town near Barcelona.
