The Chinese Envision takes 300 million from the Perte VEC II and Seat, almost 48 million

The Chinese company Envision and the manufacturer Seat have been awarded 300 and 47.7 million euros, respectively, of the line of aid for the manufacture of batteries included in the second call of the Part of the Electric and Connected Vehicle (VEC).

According to the latest resolution of the Ministry of Industry, Commerce and Tourism, these are the two projects that have received a greater volume of public aid of the ten authorized to date.

The Chinese Envision has received 300 million to raise the Navalmoral battery gigafactory de la Mata (Cáceres), a project that was left out of the first call of the Perte VEC.

Specifically, it is a subsidy valued at 200 million and a loan of 100 million, on a bankable budget of 1,312 million.

After being left out of the first call, the company, which plans to invest 2.5 billion In this project, it received aid through Regional Incentives and the Industry Support Fund, pending the resolution of Perte VEC II.

For its part, Seat has been awarded a subsidy of 47.7 million to develop a new battery assembly line in its Martorell factory (Barcelona).

The deadline to request aid from the last call of the Electric and Connected Vehicle Perte (VEC) ends this Friday, at midnight, amid the optimism of the Ministry of Industry, Commerce and Tourism, which celebrates the “good pace” at the time to manage and process files.

Until now, the Government has distributed 322 million of the battery line, distributed between ford (37.6 million), Basquevolt (14.7), Gestamp (12.6 million in two projects), renault (3.4 million in two projects), Global Laser Araba (4), Beeclycle Reuse & Recycling (1,6), Envision (300) and seat (47.7).

This first line of Perte VEC II, aimed at encouraging investment in industrial production capacity of batteries for electric vehicles, their essential components and the production or recovery of necessary fundamental raw materials, has a budget of 837 million -550 million in form of subsidy and 287 million as a loan.

After these first awards, there are still available 415.4 millionof which 228.4 million correspond to grants and 187 million to loans.

Additionally, a second line of aid has been established to encourage the implementation of investment plans within the electric and connected vehicle value chain, with a budget of 559 million.

According to data from the Ministry, until last week, 139 companies had submitted 260 projects to the two lines, which would mobilize some 7.5 billion euros.

Tom Roeser Staff

Tom Roeser Staff

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