Mobis announced it has begun building a new electric vehicle battery plant in Navarre, Spain. The company, which has similar facilities in Korea, China, and the Czech Republic, is also developing plants in the U.S. and Indonesia. The Spain plant will focus on serving Volkswagen.
The Mobis plant is expected to start mass production by 2026. The plant will play a crucial role in Mobis' strategy to expand its global footprint and electrification efforts, the company noted in a recent press release. Last year, Mobis secured a major contract to supply battery systems to Volkswagen.