At the end of last year, BYD already warned that its objective for this 2023 was to make the leap to Europe and gain market share against traditional manufacturers. This brand, specialized in electric cars, seems to be following in the footsteps of others, such as Volkswagen, and has already is testing the possibility of opening a gigafactory in Spain.
If that came to fruition, it would only strengthen Spain’s position in the auto industry. According to the publication Expansionafter Volkswagen and Seat’s Sagunto gigafactory, in the short and medium term we can have up to 5 of these factories in our countryafter the BYD announcement.
According to the media, the Chinese manufacturer started the first contacts and briefings in a gigafactory in Spanish territory. However, BYD does not close doors and would also be studying the possibility of installing it in Germany or Hungary.
At the moment, all the talks are in a preliminary phase and nothing is defined, so the 3 countries are in the hype. One of the things that could tip the balance are the public subsidies that the company would receive if the project were to materialize.
In this sense, Spain may have a certain advantage, as the Government has confirmed that it will redesign the Perte VEC to include specific assistance for batteries. But to qualify, once you finish graduating, BYD must hurry to apply for the second call.
In addition to this Perte VEC, another advantage that Spain has is its industrial presence in the sector, since Within our borders we have 17 vehicle factories. Although BYD’s arrival was to hit the table, the Chinese was not the first. The Volkswagen group’s Sagunto plant has already started construction.
This project has a grant of 360 million euros del Perte, the highest amount granted in the first call. In return, it will be accompanied by a total investment in Spain by the group and its partners of 10,000 million. Of this amount, around 3,000 million will go to the Sagunto gigafactory.
Although Volkswagen’s is the only real project at the moment, other companies are also interested in our country. An example of this is the Chinese company Envision, which tried to participate in the first edition of Perte VEC for the construction of a battery factory.
However, as it did not meet the required parameters, it was excluded from the aid distribution. Despite this first rejection, the company reiterated its commitment to the construction of a new gigafactory in Navalmoral de la Mata (Cáceres), which could be accompanied by an investment of 2,500 million.
On the other hand, the Slovak company Inobat also recently announced its intention to install a battery factory in Valladolid and an R&D center in Salamanca. Conversation with this company is at an all-time high as they have been holding several meetings with the Ministry of Industry, Trade and Tourism and local administrations both here and in Slovakia.
Finally, Tata Motors also made the former Minister of Industry, Reyes Maroto, aware of the interest he had in building a battery factory in Zuera (Zaragoza) and found out about the framework of public aid he could receive.