The Battery Factory in Mérida Already Has Excavators Shovels: Chinese Investment of 800M for the Spanish Electric Car
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Hunan Yuneng’s battery factory starts in Mérida: 800 million Chinese investment and 500 jobs. The speed at which this strategic project materializes—licence of works obtained and excavating shovels already underway—places Spain in the race to lead the European electric car. Keys to the operation The first European plant of cathode-materials LFP. Hunan Yuneng will invest about 800 million euros in Mérida to produce up to 300,000 tons of iron and …
Spain continues to gain ground in the electric vehicle industry thanks to the arrival of major Chinese investments. Hunan Yuneng is the latest in a long line of companies preparing to begin construction on its battery materials factory in Mérida; a strategic facility that promises jobs, industry, and a significant economic impact for Extremadura. Spain continues to strengthen its position in the major European race to attract electric vehicle in…
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