However, it will take a couple of years before the Gigafactory Valencia is ready. Volkswagen expects production to start only in 2026. Then with a production capacity of 40 GWh per year. It can later be expanded to 60 GWh.

PowerCo has already begun construction of a similar battery factory in Salzgitter, Germany. A week ago, the group also revealed that it will build a factory in Canada

The factory in Valencia will be particularly important for the group's investments in building electric cars in Spain. Here, the group will, among other things, manufacture its smaller and reasonably priced electric cars such as the Volkswagen ID. 2all but also Cupra Urban Rebel .