Spain attracts more than 10,000 million in Chinese investments in Green Energy and Electric Car The economy
Spain has become a favorable land to attract large Chinese industrial investments. According to the Asian country of Spain, a company called Higherin Energy is dedicated to the manufacture of electrolyzers, which is the key to renewable green hydrogen production. For other companies of the Asian giant, such as the Envision Energy Group, the same official source states that another investment of 2,000 million euros in South Spain will be shut down. CATL or other Chinese companies like Care carThey have already started various industrial projects in Spain. Thus, China already invests over 10,000 million euros in the country in the electric vehicle and green energy sector.
The Chinese ambassador pointed out after the turning point of government president Pedro Sanchez, and asked the European Union to reconsider its position on tariffs on Chinese cars last September. Brussels have decided to impose additional rates of up to 10% of the tax of electric cars assembled in China up to 35.3%. The political turn of Sanchez has provoked some discomfort in the society capital. Then, on a full trip to the Asian giant to visit some car factories, Sanchez said: “We do not need another trade war. We must find an agreement between the European Commission and China in the frame of the WTO (World Trade Organization). We are all considering our position.”
On that trip, last September, Sanchez brought Investment of the implementation of about 900 millionEven in the product of electrolyizers. On this trip, Sanchez held meetings with other companies such as the Giant of the Saik Motor Auto, MG brand owner, the Chinese company Old Continent so far, thanks to its multinjee offer –Byd, by contrast, focusing only on plug -in vehicles-. SAIC continues to study possible places to produce electric vehicles in Europe, who is a candidate of Spain.
“Chinese officials and Chinese companies have praised the position of Pedro Sanchez,” he said, “The same official resources of the Asian giant and the investment of Chinese companies in the electric vehicle in the electric vehicle are counting more than 10,000 million. Of these, 7,000 million are already known projects and another 3,000 million in southern Spain are negotiating through the envision and hygienic force. “It is important to strengthen trade relations,” official sources say. Most Chinese companies are studying the Spanish market, but they have not taken this decision yet. Pedro Sanchez is expected to travel to China again. “We hope that the Sanchez visit will unlock some decisions and encourage other companies to invest in Spain,” explains that there are Chinese renewable fuel companies committed to invest 3,000 million in Spain.
In the case of the industrial landing of High Green Energy in Spain, Cherry follows the awakening. The Wuh -Head Motor Racing has announced that the Spanish industrial partner EV Motors has announced the Old Nissan plant in Barcelona last year. Both companies started producing with the Ebro brand in NovemberThe company made in 1987 in the same factory. This functionality began in DKD format – that is, the cars were semi -seminated from China – but in the months it would go to a SKD format, which is a kind of workload for the Cat also. The goal The first recognized Cherie was making 150,000 cars per year in 2029Although the factory’s capacity is 200,000.
Both SAIC and Cherry are interested in European manufacturers Tawaskan Cupra. SAIC, mostly affected, currently pays 35.3% tariff, which adds to 10% in the past. The market makes ulates hostages with the arrival of Spain from BYD, which is 17% tariff and a previous 10% brand. This last company has already announced an electric car plant in Turkey, but the European Commission has shown attention in these types of countries Industrial Action Plan for AutomobileEarlier this month, for a country that would make industrial investments for a free trade agreement with EU.
Investing about 3.8 billion in 2022Of these, 2.5 billion is used to lift the battery plant in the Navmoral de La Mata (Koseres), from which the first stone is already placed. There are other investments in Alkazar de San Juan (Ciudad Real) and Navas Del Marvas (AVIla) for the generation of renewable energy, energy storage and renewable hydrogen. Two years later the announcement of the above 900 million electrolyizes mentioned above was added.
As a result of his own battery manufacturer for the world’s electric vehicles, Katl allied with a Statees car in December – the largest car producer in Spain – to lift a Battery Plant in Zaragoja, with a joint investment of 4,100 million. This factory is dedicated to the production of batteries with LFP (lithium-cherophosphate) technology, which makes them less autonomous than classic NMC, which makes them less autonomous, but more attractive in price. Currently, the battery in an electric vehicle costs 10,000 euros. These CATL batteries go to the stellantis production in Spain in which there are plants in Zaragoja, Vigo and Madrids, which added a product Last year 980,000 units, 2.3% lower than 2023.
