Stellantis, China's CATL to invest $4.33 bln in EV battery factory in Spain
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Stellantis and CATL are investing $4.33 billion in an EV battery factory in Spain, highlighting a significant move in the electric vehicle sector.
December 10, 2024 | 8:45 am
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Stellantis is partnering with CATL to invest $4.33 billion in an EV battery factory in Spain, which could enhance its position in the electric vehicle market.
The investment in a new EV battery factory is a strategic move for Stellantis, likely to strengthen its supply chain and market position in the growing electric vehicle sector. This could positively impact its stock price in the short term.
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