The General Directorate of Industry and Small and Medium Enterprises has published a temporary proposal for PERTE assistance focused on Electric and Connected Vehicles. The initiative carries 2,975 million euros in European funding and supports 13 projects from a group of well-known automotive players including Stellantis, Seat, Mercedes-Benz, Ford, and others.
Under the decision adopted by the Evaluation Commission at the end of July, ten of the thirteen projects are set to receive a total of 702.67 million euros. About 23 percent of the mobilized funds are excluded because they did not meet the PERTE base requirements. The proposed overall package includes 476.3 million euros in non-refundable grants and 226.3 million euros in favorable loans.
The Ministry of Industry, Trade and Tourism told El Periódico de Catalunya that these results are temporary and that changes to the financing offers could be significant depending on the groups’ submissions before the final decision. After this interim decision, projects may present arguments if they deem it necessary.
Those interested will need to address the ministry’s identified gaps in their proposals, such as the plan to build the Seat and Volkswagen battery factory in Sagunto, or the rationale behind major Sagunto investments and the envisioned AESC presence in Extremadura.
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Among all submitted projects, Seat and Volkswagen’s Future: Fast Forward stands out as receiving the largest portion of the funding, alongside 62 other national companies. The package includes 167.31 million euros in total, with 72.15 million allocated to debt and 95.16 million granted as subsidies. Still, the total evaluated investments reach 362.4 million euros, leaving room for higher figures if projects can justify them. Partners may be asked to present further arguments to increase the final allotment. Volkswagen Group notes that the project will involve an investment exceeding 10 billion euros in Spain.
Behind the Spanish entity, Mercedes-Benz rushed to submit a plan to develop and manufacture electric premium minivans, requesting 159.3 million euros in total, including 91.9 million as loans and 67.4 million as subsidies. At the end of July, the German firm’s Vitoria plant signed a new collective agreement, signaling an investment exceeding 1.2 billion euros to adapt production for large electric vehicles.
QEV Technologies and computer technology support the reindustrialization of Nissan plants in Barcelona, seeking 105.1 million euros with a fundable budget of 273.41 million euros. Almost all of this, 100.2 million, would be subsidized, with 4.8 million offered as loans. Partners estimate total investment at 305.1 million euros, with 93 percent carried out by SMEs.
Ford, for its part, would receive the third-largest total allocation, submitting its plan late with 106.3 million euros, including 68.5 million in subsidies and 37.8 million in loans. In addition to supporting electrification across the automotive supply chain, Ford intends to adapt its Almussafes plant in Valencia for new electric models, with a target to surpass the Saarlouis, Germany plant in awards for two electric cars slated for 2025 and 2026.
Additionally, Renault (39.73 million), Fagor (7.19 million), Sapa Operations (25.22 million), Faurecia (25.93 million) and Iris (24.02 million) were identified as recipients in the interim decision under PERTE VEC.
Stellantis: mixed fortunes
Stellantis had ambitious PERTE plans, proposing two projects: one at the Opel site in Zaragoza to convert line 1 for electric car production and, as the commercial cycle for current vehicles ends, support for electric models; and another set of factories in Vigo and Madrid aimed at next-generation electricity production, alongside plans for a battery workshop in Vigo, water reuse, and energy efficiency initiatives.
However, the provisional decision reserves only the Opel project for the Zaragoza plant, totaling 42.47 million euros with 32.3 million in grants and 10.96 million in loans. The Vigo and Madrid proposals did not meet the minimum PERTE structure and must submit revised requests aligned with the program’s foundations and funding criteria.
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