Multinational Tesla to invest more than 4,500 million euros in Valencia

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multinational company planning to produce electric cars Valencia is is tesla, as this newspaper can confirm in various sources. Generalitat refuses to provide any information with the confidentiality clause you signed. The company’s goal is to open its second gigafactory in Europe in the Valencia metropolitan area.

Tesla, the world’s most valuable automobile brand, recently succeeded in placing the Tesla Y model in the position of Europe’s best-selling car, and its sales are increasing exponentially. The company has gigafactories in California and Nevada (United States), Shanghai (China), and Berlin. He is now building a new factory in Mexico and needed another mega-factory in Europe due to high demand. Tesla also manufactures electric chargers and batteries for the home, although his project in Valencia focused on pelectric car production and also currently producing approx. 200,000 cars per year inside Berlintherefore, the factory would not have yet reached the current maximum production capacity of the plant.

Tesla’s huge factory in Berlin looks like it wants to build it in Valencia. elevator-EMV

maximum discretion

Generalitat Valenciana has been negotiating with extreme caution for monthsNO With the firm led by Elon Musk. On Tuesday, company executives were in Valencia to check on-site whether the land meets their needs and approved the operation. The company signed an agreement of intent subject to a confidentiality clause respected by Generalitat. Some media thought Asian brands were behind the operation, but this is an option that has never been discussed.

berlin gigafactory

Tesla has invested more than 1000 in Germany 5,000 million euros At its first gigafactory in Europe. Located on the outskirts of Berlin, the mega-factory manufactures cars and batteries. The American multinational’s investment exceeds Volkswagen’s investment in Sagunto, which has so far been the most important industrial project of the past fifty years.

Strategic regional project

HE Consell agreed to treat the initiative as a strategic regional project. This formula has been successfully used at the Volkswagen gigafactory in Sagunto and Allows you to streamline all administrative procedures and the purchase of the necessary land for the electric car manufacturing mega-plant that the auto company plans to build in the Valencia metropolitan area.

Tesla popularized the term gigafactory when it opened its first mega facility in the US state of Nevada. To understand the concept, it is important to know the measures that come into play with electrification. The kilowatt (kW) is the unit for measuring the power of both an engine and, for example, a charger, while the kilowatt hour (kWh) is the unit of energy storage capacity of both batteries and factories. One gigawatt hour (GWh) equals 1,000,000 kWh. As the name suggests, the best definition of a gigafactory is, production capacity of batteries with a total capacity of more than GWhAlthough the term has also been used to describe huge factories. In fact, the word ‘giga’ comes from the Greek word ‘gigas’ which translates as giant, so factories occupying large tracts of land can be considered a gigafactory.

Build Your Dreams

Tesla found a solution very tough opponent, Chinese firm Buld Your Dreams (BYD). According to the classification of automobile brands in the decarbonization race of the industry, BYD about to take its leadership away from the omnipotent company. Elon Musk. In this regard, the American company is accelerating its distribution in Europe and the rest of the world.

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