Spain to Build First Battery Factory With Volkswagen's Seat, Iberdrola
By Giulia Petroni
The Spanish government said Thursday that it plans to set up the
country's first battery factory for electric vehicles through a
public-private consortium with Volkswagen AG's subsidiary Seat SA
and Iberdrola SA.
"The project will allow to develop the infrastructure,
facilities and mechanisms necessary to manufacture a complete
connected electric vehicle autonomously and competitively," said
Reyes Maroto, minister of industry, trade and tourism.
The project, which will be open to other partners as well, is
part of Spain's strategic projects for economic transformation and
recovery, according to the ministry.
Write to Giulia Petroni at email@example.com
(END) Dow Jones Newswires
March 04, 2021 10:58 ET (15:58 GMT)
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