TOWARDS AN ELECTRIC FUTURE
SEAT S.A. has forged an ambitious roadmap towards electrification
SEAT S.A. has forged an ambitious roadmap towards electrification, representing the most important transformation in the company’s history: a commitment that includes the mission to turn Spain into a European hub for e-mobility.
Together with the Volkswagen Group, PowerCo and partners, SEAT S.A. is investing 10 billion euros in Future: Fast Forward, the largest single industrial investment in Spanish history. So much so, it is estimated that it will positively impact on the Spanish economy of more than 2.1 billion euros.
But it doesn’t stop there. SEAT S.A. is leading the Small BEV Family cluster for the Volkswagen Group on the journey to electrification. This includes the electrification of the Group’s key industrial facilities, including SEAT S.A.’s Martorell factory, the Volkswagen factory in Pamplona, the construction of a new battery cells gigafactory in Sagunto (Valencia), and the creation of a complete supplier ecosystem.
More than 70 years ago, SEAT S.A. put Spain on wheels, and now, it wants to put Spain on electric wheels.
Electrification
electrification
The company’s operating profit decreased 17.2% compared to the first nine months of 2023 due to challenges facing the global automotive industry
Continued volume increase and efficiency improvements drive an operating profit of 406 million euros, 9.4% more than between January and June 2023
Along SEAT S.A.’s journey towards electrification, the transformation of people and processes is vital