Volkswagen Group is strengthening its electrification drive in Europe by establishing a facility in Spain. 10 billion euros The company is implementing a massive investment package. Group CEO Oliver Blume, speaking at the CUPRA Raval launch in Barcelona, emphasized that this investment will transform Spain into Europe's electric vehicle hub.
Full Integration in the Production Chain
This comprehensive budget covers the entire supply chain, from battery cell production in Sagunto to the final vehicle assembly line in Martorell. The facilities' annual 300.000 The company plans to reach electric vehicle production capacity. The production line will include the CUPRA Raval, as well as the highly anticipated next-generation models built on the MEB+ platform, such as the Volkswagen ID. Polo, ID. Cross, and ID. Polo GTI.
Strategic Base: Spain
Oliver Blume stated that Spain was chosen due to its strong industrial infrastructure and competitive labor costs. This move, critical for the 2026 launches, symbolizes Volkswagen's commitment to maintaining its market leadership. Blume also emphasized the need for fair and equal conditions for all manufacturers in global competition.
