Time is ticking, and the new window for the Strategic Project for the Economic Recovery and Transformation of the Electric and Connected Vehicle (PERTE VEC II) will remain open until September 15th.
This edition features two sections.
On one hand, Section A is dedicated to battery projects, and on the other, Section B is for electric car value chain projects.
This year, the total allocated amount is 559 million euros.
Out of this, the maximum amount offered will be 344.42 million euros in the form of grants and 215.24 million euros in loans, which will be repayable at an interest rate of 2.88%.
In this context, a company engaged in battery production (Section A), along with its components and related raw materials, can apply for up to 300 million euros.
This is to locally establish the necessary ecosystem for the development and manufacturing of electric vehicles connected to the grid.
Below, Mobility Portal Europe presents an overview of the companies that have already joined the call.
Ford
In 2022, the company opted out of participating in the first edition of PERTE VEC because the investment timelines did not align with their plans for electromobility.
This year, with the electrification of the Almussafes factory in sight, Ford has requested assistance with the aim of developing a battery assembly project in Valencia.
This involves expanding the company’s facilities to produce their new electric vehicle platform in Europe.
It’s worth noting that the company is committed to having its entire fleet electric by 2030.
Renault
In the midst of the decarbonization, electrification, and digitalization process, the company wants to “take advantage of all available opportunities within the framework of European Funds.“
The French multinational has applied for both Sections A and B.
Seat and Volkswagen Group
A few months ago, the company announced the construction of a battery cell assembly plant in Martorell.
The new infrastructure will enable the transition from combustion to electric vehicles.
The company will be linked with Workshop 10 where some of the electric cars for the Volkswagen Group will be manufactured, potentially allowing Volkswagen to control the entire battery production and assembly process.
“We will invest an additional 300 million euros to build these 64,000 square meter facilities,” declared Wayne Griffiths, the CEO.
In the first edition of PERTE, the grants were crucial in persuading Volkswagen to construct its battery plant in Sagunto.
This raises the possibility that they may apply for them again.
Furthermore, PowerCo, the battery subsidiary of the Group, is also studying the requirements to qualify for the support.
Envision
The Chinese company has requested approximately 300 million euros for its gigafactory in Navalmoral de la Mata (Cáceres).
The amount will be allocated to battery production projects, which will initially have a capacity of 10 GWh, with a target of 30 GWh, as reported by Cinco Días.
Toyota
Initially, PERTE VEC didn’t align with Toyota’s operations in Spain.
However, production through an agreement with Stellantis opens the door to submitting a project.
In their recent statements to Expansión, the company affirmed that “the timeline is very tight.”
Stellantis Group
The Figueruelas-based company led a project in the first PERTE, from which they received 52.21 million euros.
Currently, the company is deeply involved in an electrification process, and Spain aims to be a part of it by seeking to establish a battery plant under the multinational.
Although they have not confirmed their application for support yet, Stellantis is considering that it could be beneficial for their Vigo plant.
There, they plan to produce platforms for electric vehicles starting from 2026.
Inobat
The Slovak company is still in the process of preparing documentation to apply for the program.
Their project will involve constructing a battery factory in Valladolid and establishing an R&D center in Salamanca.
Tesla
Elon Musk‘s company “is in negotiations” with the Valencian Government for the establishment of an electric car plant in that region.
The project would involve an investment of 4.5 billion euros.
Therefore, there’s talk in the sector about the possibility of seeking support from PERTE in case the investment takes place.
Read more: First semester: “Tesla Model Y” is the best-selling electric vehicle in France
BYD
This year, José López-Tafall, CEO of ANFAC, referred to the Chinese automaker’s interest in establishing a battery factory in Spain.
While they haven’t confirmed their participation in PERTE yet, the company will enter negotiations with the national government in September.
Ficosa
The company presented 23 projects aimed at “promoting the development of electric and connected vehicles.”
These projects encompass research and development initiatives, as well as investments in infrastructure.
Among them is the implementation of a new production line at the Viladecavalls plant (Barcelona).
It will be dedicated to manufacturing a Cell Management Controller (CMC) to “manage” the battery cells of electric vehicles.
