BARCELONA (Reuters) – Volkswagen’s (VOWG_p.DE) Spanish brand SEAT said on Wednesday it plans 5 billion euros in investments in 2020-2025, mainly in new R&D, equipment and electric cars, after investing 3.3 billion in 2016-2020.
SEAT’s interim chairman Carsten Isensee said its main Barcelona plant will produce electric vehicles starting in 2025.
Reporting by Joan Faus; Editing by Ingrid Melander
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