Stellantis and CATL Launch €4.1B Battery Plant Venture in Spain
Stellantis and CATL have announced a joint venture to invest up to €4.1 billion in a lithium iron phosphate (LFP) battery plant in Zaragoza, Spain, aiming for a production capacity of up to 50 GWh by 2026. This initiative supports Stellantis' Dare Forward 2030 plan to offer more affordable electric vehicles and aligns with global climate goals. The plant will enhance CATL's battery technology capabilities in Europe, contributing to the energy transition and e-mobility efforts.