Spain’s Ministry of Industry and Tourism has awarded Inobat a grant of 54 million euros and a loan of 456,000 euros for the development of a battery gigafactory in Valladolid. This funding is part of the third round of the Strategic Project for Electric and Connected Vehicles (PERTE VEC III), specifically targeting battery manufacturing.
The Inobat facility represents a total investment of 712 million euros. The company projects that the plant will create approximately 260 direct jobs and 500 indirect positions. Production is scheduled to begin ramping up in 2027 with an annual output capacity of 32 gigawatt-hours, reaching full operational performance by 2029.
Under the same PERTE VEC III call, authorities allocated over 408 million euros to various industrial battery-manufacturing initiatives. Notable projects include PowerCo’s venture in Sagunto, Stellantis’s facility in Figueruelas, and Renault’s operation in Valladolid. These investments aim to strengthen domestic battery supply chains and support Spain’s broader electrification agenda. The battery-focused component of PERTE VEC III is intended to accelerate domestic production capacity and reduce reliance on imports.
Since its inception, the PERTE VEC program has distributed nearly 2.5 billion euros across 300 companies and spans 15 autonomous communities and 40 provinces. The initiative forms part of Spain’s Recovery, Transformation, and Resilience Plan, which focuses on green reindustrialization and the generation of high-quality employment in emerging technology sectors.
By directing funds toward the production of electric vehicle batteries, the government seeks to bolster national industrial capabilities and drive the adoption of zero-emission mobility solutions. These efforts are aligned with Spain’s commitment to reducing greenhouse gas emissions and fostering sustainable economic growth.
