In this list
Electric Power | Metals

SEAT, Iberdrola join forces in Barcelona EV battery manufacturing bid

Commodities | Electricity | Energy | Electric Power | Emissions | Energy Transition | Natural Gas | Oil | Crude Oil | Petrochemicals | Polymers | Shipping

Market Movers Europe, Apr 12-16: OPEC+ oil output rebounds, Suez constrains plastics supply

Electric Power

Platts Forward Curves – Gas and Power

Oil | Crude Oil | Coronavirus | Energy Transition | Macroeconomics

37th Asia Pacific Petroleum (APPEC 2021)

Electricity | Coal | Emissions | Electric Power | Renewables | Natural Gas

Shell to seek shareholder backing for energy transition strategy

Metals | Non-Ferrous

Gold vs Bitcoin: pandemic-driven stimulus fuels growing rivalry

SEAT, Iberdrola join forces in Barcelona EV battery manufacturing bid


Iberdrola involved in Next Generation application

Government announces backing to public-private plan

Barcelona — Spain's largest automaker SEAT could start building electric vehicle battery cells and modules at its Martorell production site as part of plans to transform the site, the Volkswagen-owned company announced March 5.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

An EV battery manufacturing center would be the first in Spain, which is Europe's second largest automaker.

The early-stage plan involves participation of Spain's largest renewable generator, Iberdrola, and could be partly financed by Next Generation EU funds, for which it has applied, Iberdrola said.

It also has the backing of the government, which has included the drive towards the EV in its strategic recovery plans. Industry Minister Reyes Maroto said March 4 that the government would create a public-private partnership with SEAT and Iberdrola to make the battery plant a reality.

"The project will allow the development of a coordinated action to ensure Spain has the infrastructure, sites and required mechanisms to independently manufacture a fully connected and competitive electric vehicle," Maroto told a union congress.

SEAT has previously announced plans to invest Eur5 billion ($5.9 billion) in the electrification of transport, while the government has set aside around Eur500 million in incentives for individuals planning to buy an EV.