The Ministry of Industry, Trade and Tourism announced the awarding of aid under the first help call focused on the curtain Electric and Connected Vehicle (VEC) initiative. During a recent visit to Olívica, the minister explained that Stellantis will receive subsidies totaling 15.2 million euros for its manufacturing sites in Vigo and Villaverde, underscoring the government’s commitment to advancing electric mobility and transformative industrial projects within the country.
In a composed decision, the ministry has allocated a broad package of public support totaling 877.2 million euros. This includes support for the Envision and Acciona initiative aimed at creating a major battery manufacturing facility in Extremadura, a project linked to the Perte funds that will be fully deployed in due course. The emphasis here is on accelerating capacity and regional development, aligning with national goals to spur sustainable industry growth and job creation.
The list of beneficiary projects covers ten initiatives, with total grants surpassing nearly 300 million euros beyond the figures initially contemplated in the interim decision. The plan anticipates mobilizing roughly 2,250 million euros in industrial investment, signaling a strong push to stimulate production, regional competitiveness, and technological leadership within the sector.
For another Stellantis project located in Zaragoza, the Industry ministry approved an award of 52.2 million euros. This funding will support the launch of two electric vehicle models, one of which was officially unveiled during Kings Maroto’s visit to the Zaragoza plant, illustrating the tangible progress and high-profile demonstrations tied to the broader VEC strategy.
Additionally, the Volkswagen initiative in Sagunto (Valencia) is projected to require about 400 million euros (specifically 397,377,000) for the development of a battery plant. The company has been weighing the continuation of the project in light of the financial arrangements and the horizon for government support, while industry observers monitor how the plan proceeds and how it fits into the national energy and automotive transition goals. The collaboration context includes concerns raised by Stellantis Vigo regarding the consistency and scale of incentives, which have an impact on strategic decision-making for the firms involved.
The Perte VEC program also excludes another project, Rieju, from the interim decision and this outcome stands to be finalized in due course. The broader framework reflects a careful balance between supporting a diversified set of automotive and mobility ventures and ensuring prudent use of public resources while promoting regional development and job creation across the country. Attribution: Ministry of Industry, Trade and Tourism disclosures and accompanying public briefings.