According to Reuters, on October 8, Spanish Industry Minister Jordi Hereu said that the Spanish government has provided car manufacturer Stellantis with a subsidy of 133 million euros (approximately 146 million US dollars) for the company’s planned battery manufacturing plant near the northeastern city of Zaragoza.
Photo source: Stellantis, reported that the Spanish government’s funding for Stellantis is part of a government aid plan.
The plan aims to use EU pandemic relief funds to promote the development of the electric vehicle and battery industries.
The Spanish Ministry of Industry said in a statement that with the latest subsidies, Stellantis received nearly 300 million euros in subsidies from the Spanish government.
For now, Stellantis has not yet decided whether to build a battery production plant in Zaragoza.
According to the company’s previous statement, the proposed battery factory requires an investment of approximately 2.
5 billion euros and will create 3000 jobs.
By providing subsidies to Stellantis, the Spanish government hopes to persuade the company to finalize the battery factory project, thereby consolidating Spain’s position as Europe’s main automotive center.
A spokesperson for Stellantis told Reuters that the company welcomed the government’s decision, but added that the project was still “pending all regulatory approvals” and an announcement would be made “in due course.
” In addition, the Spanish Ministry of Industry will also provide a subsidy of 152 million euros to the battery factory of Volkswagen Group’s battery manufacturing subsidiary PowerCo in the eastern Spanish city of Sagunto, up from the originally planned 98 million euros.
Return to the first electric network home page>,.
