# #Volkswagen in the news 28 September 2026 at 18:07 > Volkswagen sells 49% stake in Sagunto gigafactory · Seat marks 75 years as Cupra sales surge · Volkswagen Group to discontinue Seat brand by 2029 [Volkswagen sells 49% stake in Sagunto gigafactory]() *28 September 2026 at 18:07* - Volkswagen partners with Gotion High-Tech in a 3.22 billion euro venture to build a lithium battery plant in Valencia, creating 1,500 jobs. [Seat marks 75 years as Cupra sales surge]() *7 September 2026 at 16:40* - Seat S.A. reports rising Cupra sales and plans to electrify all Seat models by 2028 despite a decline in the core brand's deliveries. [Volkswagen Group to discontinue Seat brand by 2029]() *3 September 2026 at 12:18* - Volkswagen Group will phase out the Seat brand by 2029 to cut costs and shift strategic focus toward the development of Cupra.