Tesla is negotiating to build an electric car factory in Valencia

Tesla He set his sights on Spain. Specifically about Valencia, where he is studying to build an electric vehicle factory. The company led by Elon Musk is in the process of negotiating with the Generalitat Valenciana that build a car assembly plant in an area of ​​the Valencia metropolitan area. How the newspaper is progressing lift-EMV, the multinational would invest more than 4,500 million euros, and the number could increase. In this way, the investment would be significantly higher than the one presented by the Volkswagen Group for the construction of the battery factory in Sagunt, where it intends to spend 3,000 million euros for the construction of a 40 GWh gigafactory, expandable to 60 GWh.

As reported by Levantine newspaper, both communications offices Tesla The Generalitat declined to make any comments on the matter, as both promised to maintain complete confidentiality during the process. Although Valencia government sources admitted this Wednesday that talks with the company — whose name was still unknown at the time — “were very advanced.”

A few weeks ago, on May 19 to be exact, the President of the Generalitat, Ximo Puig, himself admitted that his team is in the process of negotiating with several multinational companies for the construction of various projects in the community. At the Mediterranean Tribune Europe Forum, Puig assured that his executive is conducting open negotiations “at the highest level” with ten multinational companies, whose projects could include an investment of 24,400 million euros and the creation of more than 43,000 jobs.

On March 22, Tesla opened its first gigafactory south of Berlin in Europe, a factory that he built in just two years, which employs more than 12,000 people and which, according to the estimates they manage, will produce up to half a million electric cars annually. During the inauguration, Elon Musk revealed that he decided on the Teutonic territory for the headquarters of his first factory on the Old Continent, because his company considers that market crucial for imposing electromobility and abandoning fossil fuels in the transport of passengers and goods.