MADRID, June 8 (Reuters) - U.S. electric car manufacturer Tesla (TSLA.O) is in talks with the leaders of the regional government of Valencia in Spain to build a car factory, newspaper Cinco Dias reported on Thursday, citing unidentified sources close to the discussions.
The company's total investment in the factory could surpass 4.5 billion euros ($4.83 billion), the newspaper said.
Tesla did not immediately respond to a request for comment, while Spain's central government declined to comment.
Valencia is also home to a car manufacturing facility for Ford, which plans to start producing electric vehicles there.
Spain is Europe's second-largest car producer, and is using European Union COVID pandemic recovery funds to attract carmakers to invest in the manufacture of both batteries and electric vehicles.
Persons:
Cinco Dias, Tesla, Volkswagen, Inti Landauro, Belen Carreno, Joan Faus, Aislinn Laing, Jan Harvey, Sharon Singleton
Organizations:
Reuters, Ford, Union, EU, Thomson
Locations:
MADRID, Valencia, Spain, Sagunto