UPDATE: $1.5 billion battery parts factory to create 642 Vigo jobs

An exciting update was recently announced for the city of Vigo, Spain. A new battery parts factory is set to be built, which will bring 642 new jobs to the area. The factory is being developed by American battery manufacturer, Great Wall Motors, who plan to invest $1.5 billion into the project.

Great Wall Motors, who are responsible for producing around a million cars per year, are looking to expand their portfolio by investing in battery technology. The new factory will specialize in producing parts for electric vehicles, such as batteries and inverters.

In addition to the creation of jobs, the factory will also have a positive impact on the environment. The development of electric vehicles is seen as a crucial step in reducing carbon emissions and combating climate change.

The news has been well-received in the region, with many hopeful that it will have a positive impact on the local economy. The factory is set to begin construction in 2022 and will take around two years to complete.

Overall, this development is an exciting step towards a more sustainable future, as well as a promising opportunity for job creation in the city of Vigo.