Tesla will build a Gigafactory in Spain: it will be located in Valencia

Tesla has signed a letter of intent with Generalitat Valenciana to install its second electric vehicle and battery Gigafactory in Europe. This will be an investment of 4,500 million euros. with which the company, led by Elon Musk, seeks to significantly increase the production of cars and batteries on the European continent.

In accordance with Worldnegotiations between Tesla And Valencian generals They started a year ago and became a reality thanks to the signing of an agreement of intent. It also mentions a visit by senior executives from an American firm to inquire about the location of a future second Gigafactory in Europe.

Of course, Valencia accepts the confidentiality clause so as not to reveal more details about the operation. Although they do not deny that the situation is similar to that of the Volkswagen electric car plant in the autonomous community. According to regional sources consulted eldiario.esalthough negotiations are “not one hundred percent closed, they are in full swing”, with the idea that they can confirm before the change of government.

On May 19, Ximo Puig, president of the Generalitat Valenciana, noted at the Europa Tribuna Mediterranea forum that open negotiations are being held at a high level with ten large companies in order to establish themselves in the autonomous community. According to the politician, this will create 43,000 direct jobs.

It won’t be a surprise if it is at the Gigafactory in Europe that the company’s future 100% electric car will be produced, which will cost around 25,000 euros thanks to new assembly methods and cheaper technologies, including battery production.

Tesla is investing €1,500 million more in Spain than Volkswagen.

come true, Tesla is investing 1,500 million euros more than Volkswagen has invested in Spain.. While it will allocate about 4,500 million euros for the future Gigafactory in Spain, the German multinational corporation will invest only 3,000 million.

On May 19, Ximo Puig, president of the Generalitat, indicated on the Mediterranean Tribune Europe forum that his chief was in open talks “at the highest level” with ten major companies to list there, which could require an investment of $24,400 million. euro and the creation of 43,000 direct jobs.

Tesla’s efforts in Europe paid off with the opening of the Gigafactory in Berlin, which produces only three versions of the Model Y. But the crossover SUV has already become the best-selling vehicle on the continent – and worldwide. during the first quarter of 2023.