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CATL and Stellantis to build a $4.1B battery factory in Spain, targeting EV production growth in Europe.
Chinese battery giant CATL and automaker Stellantis plan to build a major battery factory in Zaragoza, Spain, investing 4.1 billion euros.
The plant will start producing lithium iron phosphate batteries by late 2026 and aims to be carbon neutral using Spain's renewable energy.
This joint venture aims to help European carmakers catch up with their Chinese counterparts in electric vehicle production.
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CATL y Stellantis construirán una fábrica de baterías de $4.1B en España, apuntando al crecimiento de la producción de EV en Europa.