PowerCo and Chinese battery maker Gotion have signed the shareholder agreement for the Parc Sagunt gigafactory: 51% for the Volkswagen subsidiary and 49% for Gotion, with production now delayed to 2027.
Sagunto City Council has started a 240-hour training course in cleaning outdoor spaces and industrial facilities for 15 people, part of the municipal Itinerarios de Inclusión Social programme funded by the European Social Fund Plus (ESF+, locally FSE+).
Chinese battery maker Gotion has become a shareholder in the gigafactory PowerCo is building at Parc Sagunt near Sagunto, taking a 49% stake with an investment that will reach 1,094 million euros (about 1.1 billion euros).
Sagunto's Culture Department has unveiled its autumn programme, with the second Factory Jazz Festival from 10 to 13 December, a Christmas Festival, and fifteen concerts through the end of the year.
Compromís says the PP-led regional government is "choking public education" in Sagunto: a court ruling blocking the 13.5-million-euro renovation of the Eduardo Merello school means prefab classrooms stay in place.
