Business · Companies · 3 hrs ago
Spanish carmaker Liux nears deal with investor to expand production
Spanish carmaker Liux is close to bringing in a new investor to help fund its growth.
The company is preparing to build its small electric car, the Big, at a new factory in Azuqueca de Henares, Spain.
The investor is expected to take a significant share, but Liux’s founders will remain in control.
The factory is currently starting production with capacity for 5,000 cars a year, and is designed to reach 15,000 to 20,000 cars annually.
Liux expects the first Big cars to reach customers in the second half of 2027, with mass production planned to begin early that year.
The company plans to sell first in Spain, Italy and France, and the investor is intended to support its expansion and financing.
Spanish electric-car maker Liux is close to bringing in an investor to fund its growth and expand production.
The new investor would hold a significant stake, while Liux’s founders would retain control.
Liux has started operating its Azuqueca de Henares plant, which is designed to produce 15,000 to 20,000 cars a year at full capacity.
The company’s first model, the 2.7-metre electric Big, is expected to enter series production in early 2027.
Liux plans to sell initially in Spain, Italy and France, and is considering other markets.
- Who
- Spanish carmaker Liux, founded by Antonio Espinosa de los Monteros and David Sancho, and a prospective investor.
- What
- Liux is close to an agreement for an investor to take a significant stake and provide financing to support growth.
- When
- The agreement is close to being finalised. The company expects series production of the Big to start in early 2027.
- Where
- Liux’s factory is in Azuqueca de Henares, Guadalajara, Spain.
- Why
- The investor would help Liux scale up production and finance its growth strategy.
This story does not have two clearly opposing sides.
Liux’s Azuqueca de Henares plant has started production testing, with initial capacity for 5,000 cars a year.
Liux expects to begin series production of its Big electric car.
The first Big cars are expected to reach the market.
- Plant location
- Azuqueca de Henares, Guadalajara, Spain
- Planned annual capacity
- 15,000 to 20,000 cars at full capacity
- Initial annual capacity
- 5,000 cars
- Committed investment
- About €30 million
- Current workforce
- About 70 people, with plans to reach 300 at full capacity
- First model
- Big, a 2.7-metre electric car
What people are saying
We are investing as needed, with the line already installed and the team working.
We will be making governance and the board more sophisticated over the next year, with a view to something more.
A stock market listing is beginning to be on the horizon.