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