Stellantis and CATL Join Forces for Game-Changing €4.1 Billion Battery Plant in Spain

#Stellantis and #CATL have partnered to build a €4.1 billion lithium iron phosphate (#LFP) battery plant in Zaragoza, Spain, aimed at supporting electric vehicle (#EV) production and boosting Europe's battery independence. The plant, expected to begin operations by 2026, could reach a capacity of 50 GWh, depending on market demand. The use of LFP batteries aligns with Stellantis's goal of offering affordable EVs, while ensuring environmental sustainability with zero carbon emissions. This joint venture strengthens Stellantis's position in the European EV market and expands CATL's footprint in Europe, marking a significant step in the shift toward electric mobility.

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