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Industry Minister Hereu Tours Sagunto Gigafactory as First Phase Nears Completion

The visit underscores Madrid’s backing of a €3.5 billion reindustrialization drive with structural work advancing on schedule

Un momento de la visita a la gigafactoría.
Hereu firma en el Libro de Honor frente a Darío Moreno..

Overview

  • Jordi Hereu and Secretary of State Rebeca Torró were welcomed by Mayor Darío Moreno’s delegation and signed Sagunto’s Book of Honor before touring PowerCo offices
  • Inspectors confirmed that structural work on the Parc Sagunt II battery plant first phase is largely complete
  • Production of lithium-ion batteries is set to begin next summer under the initial €2 billion construction phase
  • The overall €3.5 billion investment supports Spain and the EU’s strategy to boost industrial output and reduce carbon emissions
  • Officials held talks on future factory expansions and strategies for Sagunto’s wider economic and sustainable mobility development