Valencia will have a gigafactory of batteries for electric cars thanks to the alliance of Ford, Iberdrola and 23 companies
The Valencian Community has moved to stay with one of the large projects in southern Europe in the manufacture of batteries for electric cars. Through an alliance of 23 companies, among which is Ford, Valencia will host a gigafactory that promises to create 30,000 jobs.
This has been announced by Ximo Puig, president of the Generalitat, where he has described that the agreement will be formalized in the coming weeks and will become an “international benchmark”. The result is the creation of the Valencian Battery Alliance, an organization chaired by Power Electronics and where 23 international companies participate, as well as universities, research institutes and the Valencian government itself.
2,000 million euros to start up one of the largest gigafactories in southern Europe
The “Element València” project and the “gigafactory” they will seek to mobilize up to 2,000 million euros of public-private investment. The result will be the manufacture of an industrial ecosystem to produce batteries for electric cars on a large scale and have an impact on the region of up to 2.5 billion euros per year.
This gigafactory is included within the projects that will choose to receive part of the European Next Generation recovery funds. An amount that, according to the Government, up to 10,000 million euros over the next three years they will go to the automotive sector.
⚡🤝 Valencian Battery Alliance
✅🔋 “The Generalitat and 23 companies are going to propose an alliance to start up a battery giant factory and the ‘Element València’ research center to create 30,000 jobs. A country is advancing with a powerful industry” @ximopuig pic.twitter.com/0g2m5ZmcUz
– Generalitat (@generalitat) February 17, 2021
The Valencian Battery Alliance is made up of the following entities: Ford, Stadler, Iberdrola, Zeleros, UBE, CEV Technologies, IDOM, Ampere Energy, Nutai, Astondoa, Segura Group, Endurance Motive, Easy Solutions, Valautomoción Group, Gimeno Group, Inelcom Technology, ITERA Mobility Engineering, HESS, INFAMOL, Mettecno, Torrecid and Witrac.
David Salvo, CEO of Power Electronics, explained that this alliance is “the most ambitious of all those that have been presented to date in Europe”. Definitely a striking statement. It is not the only gigafactory that has been announced in Europe recently. With 70 GWh per year, that of Italvolt in Italy is the largest announced, surpassing that of Tesla in Berlin and of Northvolt in Sweden.
The creation of this battery alliance represents a new impulse by Ford towards Valencia, after the difficult situation in his car factory in Almussafes. Ford’s goal is to sell only electric cars in Europe from 2030. A Ford that has announced this week its plan to invest 1 billion dollars in modernizing its Cologne production plant, although it will not focus on producing batteries, but electric cars.
The movement of the Valencian Community contrasts with that of Catalonia, who has shown interest in converting the Nissan factory in a gigafactory manufacturing batteries for electric cars, with the LG Chem support, but at the moment he has not announced anything official. We will have to wait to know more details of these gigafactories. Undoubtedly great projects through which many hopes pass to give new energy to an automotive sector that is in full transition.