PowerCo news

17 March 2023
PowerCo Begins Construction of Second Gigafactory in Valencia
The new gigafactory in Valencia will start production in 2026, creating over 3,000 direct jobs and up to 30,000 indirect jobs. It aims for sustainable battery production with green electricity.
7 July 2022
Volkswagen Launches Global Battery Business with PowerCo
Volkswagen's new company, PowerCo, will manage global battery production, investing €20B by 2030. The first cell factory in Salzgitter starts in 2025, creating up to 20,000 jobs in Europe.
4 May 2022
Volkswagen and SEAT to Invest 10 Billion Euros in Spain's Electrification
The investment will fund a battery Gigafactory in Valencia, electric vehicle production, and a supplier ecosystem. A photovoltaic plant will supply green energy to the Gigafactory.
23 March 2022
Volkswagen and SEAT Unveil Spain Electrification Plan
The plan includes a €7B investment, a new battery cell factory in Valencia, and aims to transform Spain's automotive industry, creating 3,000 jobs and boosting e-mobility across Europe.

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