PowerCo Spain's CFO, Javier Rivera (left), and the president of the Generalitat, Carlos Mazón (right), during a visit to the construction site of PowerCo Spain's gigafactory, on July 18, 2024, in Valencia, Valencia, Spain. The aim is for the plant to be operational in 2026, with an initial capacity of 40 GWh, expandable up to 60 GWh, depending on market demand. This capacity will make it possible to supply cells for more than 500,000 vehicles per year. This capacity will allow the plant to supply cells for more than 500,000 vehicles per year. JULY 18;2024 Jorge Gil / Europa Press 07/18/2024 (Europa Press via AP)