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Spain awards €41 million to 21 firms under Perte VEC, excluding Galician companies

Provisional subsidies from Spain’s fourth Perte VEC phase advance electrification efforts, highlighting a lack of regional balance.

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Overview

  • The Ministry of Industry and Tourism provisionally allocated €41 million to 21 companies in the latest Perte VEC call to support electric and connected vehicle projects.
  • No Galician firm secured funding under Perte VEC, underscoring regional disparities in Spain’s automotive subsidy distribution.
  • Forvia’s Valencia plant received €2.9 million and Megatech Industries in Amurrio, Álava, was awarded €710,000 for initiatives outside Galicia.
  • Under the Perte Agroalimentario scheme, €3.5 million was granted to seven projects, with Pontevedra-based Ceamsa as the sole Galician beneficiary at €439,320.
  • Megatech Industries was acquired by Italy’s Sapa Group in March, reflecting ongoing consolidation within the automotive components sector.