volkswagen Sagunt battery signed a notary public this Monday for the purchase of the land for the gigafactory. The operation was closed after the approval of the Board of Directors of Espais Econòmics i Empresarials (EEE), a public company 50% owned by Generalitat and 50% by Sepides, and the signing of the sales contract between the management company. Parc Sagunt and PowerCo. The Generalitat started a year ago with the expropriation of the land.
Generalitat’s chairman, Ximo Puig, confirmed that the Parc Sagunt II plot has been sold to Volkswagen Group’s battery company PowerCo. It will become the reference facility in Southern Europe and put Spain at the forefront of the electric mobility industry.
PlotThe first model offered for sale as part of the development of the Parc Sagunt II, approx. The business was closed with a cost of 1.3 million square meters and 63.66 million euros.
The project of the German automobile group means the creation of more than thirty thousand jobs in Valencia.
This project, in addition to creating more than 30,000 jobs, Industrial and commercial competitiveness of Spain.
Thus, according to the terms determined in the agreement signed between Generalitat, EEE and PowerCo (Volkswagen group company specializing in battery production), progress is made in the construction process of Sagunt in the field of industry and logistics. Gigafactory of battery cells for electric vehicles to be manufactured by Volkswagen Group.
Puig: “An important step”
Generalitat chief Ximo Puig stated:“An important step is being taken in the process initiated by the Volkswagen Group for its industrial plan, This will represent an investment of over 3,000 million euros and a milestone for the future of the Valencia Community economy”.
execution phase
Ximo Puig added that the acquisition “brings this operation to the implementation stage with a direct and positive impact on the Valencia labor market”.
The Consell president states that this operation “opens a new era for the Valencian industry from Sagunt and puts the Spanish automotive industry at the forefront of sustainable mobility”.
sepits
President in his own name sepitsAntonio Cervera underlined that the purchase of the land in Parc Sagunt means: “This is a breakthrough and reaffirms its commitment to this unprecedented industrial investment.”
“At SEPIDES, we are proud to be a part of this great pioneering project for the future and the country,” Cervera said.
“Today is the day to evaluate the role and cooperation of all public administrations and their contribution to the economic and social development of Spain. With the support of all of them, with the talent and determination of the great team we have created, we will turn this great project into reality,” Cervera continued as follows: