Valladolid City Mayor, Jesús Julio Carnero, met late yesterday at the City Hall with the president of InoBat, Andy Palmer, accompanied by Eva Driessen and Eleuterio Gordaliza. 

During the meeting, Palmer stated that “Valladolid is an ideal place to invest in a project of this characteristics and we are looking forward to become part of the Valladolid family.” He also confirmed to the mayor the initial commitment of the Slovak company that the megafactory would be built in Valladolid in the future. In this sense, the company will apply for the Perte VEC III grant on innovation to reinforce their project.

Palmer also explained that the 32-gigawatt battery megafactory will be developed in several phases. In the first phase, to be organised in 2024, it will reach 8 gigawatts and will generate between 300 and 500 direct jobs in Valladolid, mainly to serve the Western European market.

For his part, Jesús Julio Carnero pointed out that, “this meeting is an important step forward for the arrival of InoBat to Valladolid, a city committed with the automobile industry and currently betting on electric mobility as an element of future industrial development."

A project aligned with ‘Valladolid Mission’ 

It should not be forgotten that Valladolid has recently received the 'Mission Label' awarded by the European Commission, a milestone that opens doors to public-private funding, and hence this project fits perfectly into the philosophy of the city's characteristics, and represents a great opportunity for the territory due to its impact on the people’s welfare, sustainability, attracting investment, promoting carbon-neutral economic initiatives, creating jobs and boosting research and innovation.