Volkswagen sells 49% stake in Sagunto gigafactory
- 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.
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Volkswagen sells 49% stake in Sagunto gigafactory · Seat marks 75 years as Cupra sales surge · Volkswagen Group to discontinue Seat brand by 2029
Seat marks 75 years as Cupra sales surge
- 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
- Volkswagen Group will phase out the Seat brand by 2029 to cut costs and shift strategic focus toward the development of Cupra.