Tesla plans to open production of its cars and batteries for them in Valencia, Spain. They want to invest 4.5 billion euros in the project. Negotiations are underway with the authorities.
Spain is Europe’s second-largest car producer with Volkswagen also planning to invest 10 billion euros to build a 40 GWh battery plant near Valencia, with production to start by 2026.
Valencia, is also home to a car manufacturing facility for Ford, which plans to start producing electric vehicles there soon.
At present Tesla’s only European car factory is in Germany, near Berlin.
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