Hyperdrive
VW Manager Says Spain Battery Plant May Struggle on Poor Demand
- Seat CEO warns that country’s EV market isn’t ready yet
- German carmaker is investing billions to build Spanish EV hub
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Volkswagen AG’s push to make batteries and electric vehicles in Spain may be hurt by lackluster local demand, according to its top executive in the country.
The carmaker has started works on a €3 billion ($3.2 billion) cell factory near Valencia even though Spanish customers haven’t fully embraced EVs yet, said Wayne Griffiths, who heads the country’s mass-market Seat unit.