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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May 6, 2022
Volkswagen Group Invests In Spain

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.
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