Spanish media Cinco Dias reported that Tesla is in consultation with the Spanish province of Valencia to consider building an electric car factory there.
▲ Photo source: Tesla
The report said that a Valencia government spokesman said that the city’s authorities had held a meeting with an anonymous company to discuss the issue of large-scale investment in the automotive industry, but the spokesman declined to provide more details, explaining that the consultation process involved commercial secrets and was therefore kept confidential. Insiders pointed out that the anonymous company is the electric car manufacturer Tesla.
▲ Photo source: Tesla
According to the report, Tesla has not responded to Reuters’ request for comment as of press time, and the Spanish government has declined to comment. The report cites sources familiar with the matter as saying that the total investment in the project is expected to reach 4.5 billion euros (currently about RMB 34.335 billion).
▲ Photo source: Tesla
Spain has now become a popular investment destination for the European electric car industry. The German Volkswagen has previously announced an investment of 10 billion euros (currently about 76.3 billion yuan) in the production of electric cars and car batteries in Spain. The battery factory will be set up in Sagunto, Valencia province, with an estimated annual capacity of 40 GWh. currently, Spain has become Europe’s second-largest car producer.
