Envision-led consortium plans to build EV battery plant in Spain

WCN Editorial Team 6 Jun 2022 EUROPE ENERGY & UTILITIES

China-based Envision Group has formed a consortium with 11 entities for the development of a $1bn electric vehicle (EV) battery manufacturing plant in Extremadura of Spain.

Called VENERGY+, the project is proposed as 100% zero emissions initiative.

The plant will be built in the town of Navalmoral de la Mata.

It will manufacture battery cells of high performance, modules and packs with high density and extended range.

During the first phase, the factory is expected to have a planned capacity of 10GWh, which will subsequently be increased to 30GWh by 2030.

Spanish renewables company Acciona Energia, which is a part of the consortium through two business units, will supply electricity to the facility through an on-site solar farm.

The Envision-led consortium has sought funding from the PERTE VEC, the Spanish government’s funding unit that supports electric and connected vehicles.

This EV battery plant is expected to become operational in 2025.

Envision expects this plant to create around 3,000 new jobs.

The project will feature a factory and the supporting ecosystem.

The consortium also includes the Automotive Technology Centre of Galicia (CTAG), Teknia, Liux, Qalma, Glavista, Aresar, Cable Energía and Kapture.IO.
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Image: This EV battery plant is expected to become operational in 2025. Credit: (Joenomias) Menno de Jong from Pixabay

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