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Spain's Green Giant: Gigafactory Fuels EV Battery Boom
15 Dec
Summary
- A new EV battery factory is under construction near Figueruelas, Spain.
- Chinese firm CATL and Stellantis are investing €4bn in the facility.
- The factory will utilize Aragón's abundant wind and solar energy resources.
Near the quiet town of Figueruelas, Spain, a new era of green energy is dawning with the construction of a vast electric vehicle battery factory. This significant project represents a combined €4bn investment from Chinese firm CATL and the Netherlands-based Stellantis, hailed as one of the largest Chinese investments in Europe.
The strategic location in Aragón was chosen for its abundant renewable energy sources. Continuous wind and ample sunshine, coupled with existing wind and solar farms, will provide the crucial electricity needed for the new facility. This synergy highlights the region's commitment to sustainable power.
The factory's development further cements Figueruelas' role as a symbol of Spain's green energy transition. By harnessing the power of its natural resources, the region is positioning itself as a key player in the burgeoning electric vehicle market.
