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The Volkswagen Group’s PowerCo broke ground for construction of its second PowerCo cell factory. The cell factory is being built over an area of around 130 hectares in Sagunto, 30 km north of Valencia. Together with the planned supplier park, which will be built parallel to the PowerCo factory, the area amounts to 200 hectares. The raw material cycle will be closed directly on the site of the cell factory. PowerCo bundles the Volkswagen Group’s global battery business throughout the value chain—from raw material supply and development to the construction and operation of gigafactories.