Automotive
Volkswagen Group Invests In Spain
OEMs are making major moves towards these 2030 EV goals. We wonder how those who wait until 2029 to adapt will make out.
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VW will invest 10B euros (about $10.5B) in electrifying Spain. The plan marks the largest industrial investment ever made in Spain. The Spanish government shares VW's dream of making Spain a European EV hub.
Coming soon. According to Herbert Diess, CEO of VW Group, plans include:
- A battery gigafactory.
- Updates to existing plants.
- Investing in a comprehensive supplier ecosystem.
