Rumors

In the beginning of June, several media reported that Tesla would establish its new factory in Valencia, Spain. We have already reported that Volkswagen would build its battery factory for electric vehicles (EVs) in Valencia. In fact, the German automotive giant has decided on the location for its battery cell factory in Spain. It will be built in Sagunto in the province of Valencia and have a capacity of 40 GWh per year. Therefore, does the news in June 2023 mean that Valencia will be a new EV production hub not only in Spain but also in Europe?

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