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Stellantis $STLAM (-0.17%) and the Chinese 🇨🇳Batteriekonzern CATL are investing up to 4.1 billion euros in the construction of a joint battery cell plant in Zaragoza, Spain.

Production is scheduled to start 2026 and supply lithium iron phosphate (LFP) batteries for vehicles in the B and C segments.

The factory could reach an annual capacity of up to 50 GWh, which would be enough to produce over 900.000 Opel Mokka Electric with batteries.

The joint venture will be equally owned by Stellantis and CATL, and the deal is scheduled to close in 2025. -Handelsblatt

1 Comment

Guilherme Candido@guilhermecandido04

Stellantis needs to do a big turnaround of it's current state, Tavares made his play (made money, left with money in short term) leading the company to lose about 40% of it's value. Let's hope John Elkann can get things straight until new CEO get's elected.

I will wait for January to February, to decide if I stake more of them or not. I am looking for long term, they were delivering beatifull vehicles, but costumers are realizing that the price does not match the product overall.

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