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Carlos Mazón highlights the investment of more than 600 million by the Generalitat for the start-up of the Sagunto gigafactory

Carlos Mazón highlights the investment of more than 600 million by the Generalitat for the start-up of the Sagunto gigafactory

 

• He points out the Council's commitment to this project, to the deadlines for its execution, and to the electric vehicle
• He points out that "the Valencian economy is benefiting from this engine of investment and construction"
• He emphasises that public and private investment "progresses with a firm step and hand in hand" in the Community and predicts that the electric vehicle and traffic in the sector "is here to stay"
• The head of the Council has visited the works of the gigafactory of batteries, accompanied by the CEO of PowerCo, Andreas Rottmann and the Minister of Environment, Infrastructure and Territory, Vicente Martínez

 

The president of the Generalitat, Carlos Mazón, highlighted "the investment of more than 600 million" to date by the Generalitat and Espais Econòmics for the start-up of the gigafactory and the Sagunto mobility hub.

 

This was pointed out by the head of the Council after visiting the works of the PowerCo Spain gigafactory in Parc Sagunt II, accompanied by the CEO of PowerCo, Andreas Rottmann, and the minister for Environment, Infrastructure and Territory, Vicente Martínez.

 

During his speech, the president explained that the investment of more than 600 million euros is focused on the launch of the Battery Campus, the intermodal station and the structural axis, in addition to the execution of expropriations and urbanization of the land located in Parc Sagunt II.

 

Thus, he pointed out that this investment "joins the 3,000 million euros that are confirmed by PowerCo", at the same time that he has stated that public and private investment "progresses with a firm step and hand in hand" in the Community

The head of the Valencian executive has reaffirmed the Council's commitment to this project, with the deadlines for its execution "which are accelerating", as well as with electric vehicles and traffic in the automotive sector.

"Thanks to public investments, we are speeding up the transition to a new model of mobility and clarifying doubts about whether the electric vehicle is here to stay", he said. In this sense, he assured that the Valencian Community "is being and will be a pioneer" in this area.

 

In the same way, he highlighted the Battery Campus, to which the Generalitat is allocating 60 million, and affirmed "that it will be the most important electric vehicle technology academy in Spain". In addition, he pointed out that "not only will PowerCo nurture good professionals with commitments to job placement, but our entire sector".

 

Likewise, he pointed out the participation of local suppliers in the launch of this project, so "the Valencian economy is benefiting from this engine of investment and construction".

 

Carlos Mazón has insisted that the Valencian Community is open to investment and that "it is no longer a theory" and has referred to the investment of 4,000 million euros for the Stadler plant in Albuixech to manufacture up to 504 trams, among other investments announced by the Generalitat in recent months.

State of the works

 

The Sagunto gigafactory is progressing at a good pace. In the autumn, work will be intensified on the land of the future gigafactory with the completion of the water canalization works; the beginning of the foundation and the erection of the first concrete structures that will be largely manufactured in Buñol. In this way, at the end of the year it will be possible to see the start of the work on the height of the future ships.

 

In addition, it is planned that the company will soon award new construction phases, corresponding to the building or construction of the dry rooms in which a large part of the production process will take place.

 

It should be noted that PowerCo has already signed the purchase of much of the equipment necessary for the manufacture of the cells with the aim of starting to install it in Sagunto throughout 2025, which will coincide with the hiring of the first plant operators.