Stellantis and CATL to Invest $4.3B in Spanish EV Battery Plant
TL;DR
China's CATL and Stellantis are set to build a €4.1 billion lithium battery factory in Zaragoza, Spain, as part of a joint venture to expand electric vehicle production in Europe. This move comes amid Europe's efforts to reduce reliance on Chinese batteries and follows Stellantis' strategic partnerships with Chinese companies. The factory, scheduled to start production by late 2026, marks CATL's third major investment in Europe, despite EU plans to impose stricter trade regulations on Chinese firms. Spain's government has actively supported the project to bolster its automotive industry.
- China’s CATL to build $4.3bn battery factory with Stellantis in European expansion Financial Times
- Dodge maker Stellantis and China's CATL team up to build $4.3 billion EV battery plant in Spain CNBC
- Stellantis, China's CATL to invest $4.33 billion in EV battery factory in Spain Reuters
- Chinese electric battery maker CATL and Stellantis to build battery factory in Spain The Hill
- Stellantis, CATL form JV for EV battery factory in Spain Yahoo! Voices
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