Volkswagen Plans Production Of 3M Small EVs In Spain During 2025-2030: Report

Volkswagen AG VWAGY expects to produce 3 million small electric vehicles in Spain from 2025 to 2030.
The small electric vehicles will be produced in two plants in the country, reported Reuters, citing Wayne Griffiths, the chairman of Volkswagen's Spanish unit SEAT.
In addition to boosting electrification, the automaker also plans to build a battery plant in Spain.
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Griffiths said SEAT aims to assemble 500,000 electric cars a year in the medium term in Martorell, outside Barcelona.
Griffiths told Reuters last month that Volkswagen would submit a new request to Spain for European Union funds as it explores manufacturing additional new electric vehicles there beyond the ones intended for 2025.
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Price Action: VWAGY shares are trading higher by 0.09% at $16.84 on the last check Wednesday.
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