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Spain to invest 4.3 bln euros in electric vehicles

Christian Fernsby |
Spain will invest 4.3 billion euros ($5.11 billion) in the production of electric vehicles as part of a major national spending program financed mostly by European Union recovery funds.

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The government-run plan will include the whole production chain from extracting lithium to assembling battery cells and manufacturing electric vehicles, Prime Minister Pedro Sanchez said at an event to present the project.

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