Sánchez meets with the CEO and founder of Envision Group and executive chairman of AESC, who announced the start of constructing the battery gigafactory in Cáceres

President's News - 2024.2.28

The President of the Government of Spain, Pedro Sánchez, has met with the CEO of the Envision Group and Executive Chairman of AESC, Lei Zhang, who announced the start of constructing the electric vehicle battery gigafactory in Navalmoral de la Mata (Cáceres) in the first half of the year.

Moncloa Palace, Madrid

The meeting was also attended by the Minister for Industry and Tourism, Jordi Hereu.

During the meeting, Pedro Sánchez valued the commitment of the Asian technology multinational to this emblematic industrial project for Spain and Extremadura, and his confidence in the investment attractiveness of our country in the green transition, reindustrialisation and innovation.

The CEO and founder of the Envision Group and executive chairman of AESC, Lei Zhang, detailed the current status of the project's development during the meeting and reinforced the multinational's commitment to Spain, while thanking the Government for its support.

The company, a world leader in green technology, has been one of the beneficiaries of the A section of the second edition of the Electric Vehicle PERTE, which has 300 million euros in aid, of which 200 million euros is subsidies and the remaining 100 million euros is loans.

Non official translation

28/02/2024. Pedro Sánchez receives the CEO and founder of Envision Group, Lei Zhang. The President of the Government of Spain, Pedro Sánchez...

The President of the Government of Spain, Pedro Sánchez, greets the CEO and founder of Envision Group, Lei Zhang, at Moncloa Palace (Pool Moncloa / Fernando Calvo)