en.Wedoany.com Reported - The Spanish government is promoting an industrial project by Gotion High-Tech in Valladolid, involving an investment of over €940 million for electric vehicle batteries, aiming to position the Castile and León region and Spain as key players in the emerging sustainable mobility sector. Spain's Minister of Industry and Tourism, Jordi Hereu, and Minister of Transport and Sustainable Mobility, Óscar Puente, jointly presented the plan.
The project has received €138 million in public aid support from the Strategic Project for the Recovery and Economic Transformation of the Electric and Connected Vehicle (Perte del Vehículo Eléctrico y Conectado, or Perte Vec). The Spanish government stated that this is one of the largest industrial initiatives in the electrification sector in recent times, reflecting a public-private partnership model aimed at accelerating the transformation of the production system and attracting high-value-added investments. The two ministers emphasized that the project is expected to create thousands of direct and indirect jobs, helping to revitalize the local economy and stabilize the region's population.
Gotion High-Tech's project revolves around two core areas: producing cathode materials, a key component of batteries, and developing advanced battery recycling systems to recover strategic raw materials. This comprehensive approach aims to strengthen Spain's electric vehicle value chain and enhance Europe's industrial autonomy in a critical sector. The Spanish government noted that the project is part of its broader strategy to position Spain as a hub for electric and sustainable mobility in Europe. Through tools like Perte Vec, this strategy has mobilized over €3 billion in funding, benefiting nearly 400 companies across the automotive value chain, and has attracted major industrial investments, including factories in Sagunto, Navalmoral de la Mata, and Zaragoza.
The growth of Spain's electric vehicle market supports this industrial deployment. In May 2026, over 12,300 electric vehicles were registered in Spain, a year-on-year increase of more than 30%, with a market share exceeding 10%. Since the beginning of the year, sales of electric passenger cars have grown by 45%. The ministers emphasized the government's commitment to legal certainty, administrative agility, and labor stability, and highlighted the importance of social dialogue with strategic companies like Renault to strengthen the competitiveness of industries in regions such as Valladolid. The Spanish government views Gotion High-Tech's arrival as an opportunity to advance decarbonization, create high-quality jobs, and consolidate a more innovative and sustainable production model.
