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flag CATL and Stellantis to build a $4.1B battery factory in Spain, targeting EV production growth in Europe.

flag Chinese battery giant CATL and automaker Stellantis plan to build a major battery factory in Zaragoza, Spain, investing 4.1 billion euros. flag The plant will start producing lithium iron phosphate batteries by late 2026 and aims to be carbon neutral using Spain's renewable energy. flag This joint venture aims to help European carmakers catch up with their Chinese counterparts in electric vehicle production.

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