Wednesday, September 27, 2023

Industry awards the first PERTE 2 grants

He LOSS 2 enters a new phase first funding awards for the electrification of the automotive industry. The Ministry of Industry has published the first awards worth more than 52 million euros Ford and Basquevolt benefit from this.

The first tentatively approved applications for the battery line of the second call of the Strategic Project for Restoration and Economic Transformation of Electric and Connected Vehicles (Perte VEC) include Ford with 37.6 million euros and Basquevolt with 14.7 million euros.

Battery projects

As the Executive published in its Preliminary Proposal Resolution, the proposed grant amounts to €37.6 million for Ford to build the new battery module assembly plant for 100% electric vehicles in Almussafes (Valencia) while the budget available is available The project costs 188 million euros. Ford has already announced that it will choose PERTE 2 to partially finance the new assembly workshop for battery packs that will be mounted in Almussafes vehicles.

The circumstance occurs Ford had to forego aid of 106 million which had been pre-approved under the first part of the electric vehicle due to the delay in its plans for the Almussafes plant, since the production project for a new electric model was not realized as it had not yet been awarded to the Valencia plant.

Likewise, the Ministry of Industry, led by Héctor Gómez, has proposed a €14.69 million grant to Basquevolt for its new 1 gigawatt-hour (Gwh) solid-state battery cell production plant that the company will install in Vitoria-Gasteiz. The fundable budget of this initiative is 97.96 million.

Until September 15th

Following this publication, the applicants have 10 working days to submit the allegations they consider relevant, while in cases where some circumstances of the mandatory conditions for acquiring the status of beneficiary have changed with respect to those at the time Persons Accredited for Publication Upon completion of the application, applicants will be given 10 days to update the information provided.

The two projects, which have already received the first grants, are smaller than the large battery production plants planned in Spain, which include those in Extremadura and Valencia, among others.

Open from July 17 to September 15, the Perte VEC II battery line is endowed with funds of 837 million euros, of which 550 million in the form of a grant and 287 million in the form of a loan. After the first provisional allocation, the remaining funds total 784.7 million, of which 497.7 million are in the form of a grant, while out of the 287 million identified, no funds have yet been allocated in the form of loans.

Nation World News Desk
Nation World News Desk
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