Headquartered in Salzgitter, PowerCo will manage international factory operations, the continuous development of cell technology, the vertical integration of the value chain and the supply of machinery and equipment to the factories. From 2025, standard cells for the volume segment will roll off the production line there. The cell factory is expected to have an annual production capacity of 40 GWh - enough for around 500,000 electric vehicles.

PowerCo Spain is the second PowerCo gigafactory. Located in Sagunto (Valencia), the plant represents an investment of more than 3,000 million euros and will create more than 3,000 direct jobs. With a focus on attracting top talent and fostering a sustainable future, the company aims to become an electromobility hub and a technological benchmark in battery manufacturing in Southern Europe. Valencia’s high quality of life, beautiful Mediterranean climate, and growing startup ecosystem make it an ideal location for innovation and growth.

The factory in St. Thomas will be our largest and most competitive cell factory with a total volume of up to 90 GWh. PowerCo will produce the first cells as planned in 2027, followed by demand-based ramp-up of mass production. With the unified cell and the standard factory concept, we have laid the technological foundation for robust, competitive and flexible cell production and can react to the market.