Valencia could be home to Volkswagen’s first gigafactory outside of Germany

It is also considering building its new electric van in the US

This included the quadrupling of its EV sales in China

Last year the company suffered a 14% drop in overall car sales in the Asian country

The manufacturers have not signed a pledge to only sell zero-emission vehicles by 2035

Herbert Diess has reportedly told the company a delay in shifting to EVs could cost jobs in light of acceleration in production from rivals such as Tesla

This is while EV sales have jumped up by 30%

The European market accounted for 74.9% of these sales, followed by China and the US contributing 21.5%

It has pledged to invest €14bn into decarbonisation by 2025 and have all its plants, other than those in China, operate on 100% renewable energy by 2030

They have signed a memorandum of understanding for their collaboration, which will see the rollout of EV chargers at Aral sites in Germany and bp retail sites across Europe