Spanish car manufacturer plans to launch its new urban electric vehicle by 2025 to make the electric segment affordable for the masses. The new plant in Martorell will have an estimated production capacity of 500,000 units per year.
The Volkswagen Group is the parent organization to SEAT, and it added that it is ready to invest and has the right partners for the project on board but is awaiting support from the Spanish government and EU commission.
SEAT’s sports brand CUPRA is also set to launch its electric model Tavascan by the end of this year. It expects to double its sales this year and start new plants in other EV friendly counties. By 2022, the car manufacturer plans to start operations in Australia to expand its presence in the Asia-Pacific region.
SEAT’s sales in 2020 were deeply affected because of the lockdown related to COVID-19 and it saw a 25.6pc drop last year to 427,000 units compared to 574,100 units in 2019. That said, CUPRA’s sales rose by 11pc to 27,400 vehicles last year compared to 2019.