Stellantis and CATL to Invest Up to €4.1 Billion in Joint Venture for Large-Scale LFP Battery Plant in Spain

Contemporary Amperex Technology Co., Limited (CATL) Algeria Bahrain Egypt Iran Iraq Jordan Kuwait Lebanon Libya Morocco Oman Qatar Saudi Arabia Syria Tunisia United Arab Emirates Yemen Angola Botswana Ethiopia Gambia Ghana Guinea-Bissau Kenya Lesotho Liberia Malawi Maldives Mozambique Namibia Nigeria Sierra Leone Somalia South Africa Swaziland Tanzania Uganda Zambia Zimbabwe China

Joint venture to build an all-new lithium iron phosphate (LFP) battery plant at Stellantis' Zaragoza, Spain siteProduction is planned to start by end of 2026 and could reach up to 50 GWh capacityStellantis is committed to bringing more affordable battery electric vehicles in support of its Dare Forward 2030 strategic plan leveraging its dual-chemistry strategyPlant will enable CATL to better meet customers' need for advanced battery technology and support global climate ambitionsView original content:https://www.prnewswire.co.uk/news-releases/stellantis-and-catl-to-invest-up-to-4-1-billion-in-joint-venture-for-large-scale-lfp-battery-plant-in-spain-302327608.html