Stellantis and CATL's joint venture will establish a large-scale LFP battery plant in Zaragoza by 2026, with a capacity of up to 50 GWh.
According to Stellantis Chairman John Elkann, 'This important joint venture with our partner CATL will bring innovative battery production to a manufacturing site that is already a leader in clean and renewable energy.'
The joint venture plans an investment of up to €4.1 billion to support a strategic roadmap for advanced battery electric vehicles in Europe.
CATL's expertise, already showcased in operational plants in Germany and Hungary, is integral to this collaboration, underscoring a commitment to a decarbonized future.
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