Together with the planned supplier park, which will be built parallel to the PowerCo factory, the area even amounts to 200 hectares. The cell factory is being built over an area of around 130 hectares in Sagunto, in the immediate vicinity of Valencia.

The annual production capacity is initially 40 GWh, but has the potential to be expanded to 60 GWh in the future. Gigafactory Valencia: Potential for 60 GWh Not only will we create more than 3,000 jobs of the future, but we also intend to work with the regional government to initiate targeted projects aimed at strengthening science and society.” We want to be a good neighbour to the people in the region and make a significant contribution to economic development. That includes good working conditions, care for the environment and sparing use of scarce resources. The gigafactory Valencia is an important milestone in that.”įrank Blome, CEO of PowerCo: “Like the Volkswagen Group, PowerCo stands for responsible conduct. Our objective is to make PowerCo a global player in the battery business and pave the way for better mobility with sustainably manufactured battery cells. We have just broken ground for PowerCo’s second gigafactory in Valencia, and are already making the next step with the announcement of another gigafactory in St. Thomas Schmall, Board of Management member responsible for Group Technology and Chairman of the Supervisory Board of PowerCo SE: “We are moving into the fast lane with PowerCo. It is a sign of our commitment to industry, but also to the characteristics that define an entrepreneurial nation in the global market: innovation, territorial cohesion and public-private cooperation.” The Spanish President Pedro Sánchez: “The factory that will be built here exemplifies the Spanish Government's commitment to innovation and sustainable mobility.

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