Fiat and Vauxhall owner Stellantis teams up with China's CATL to build EV battery plant
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Stellantis NV and China's CATL are investing €4.1 billion in a battery plant in Zaragoza, Spain, with production starting by late 2026. The joint venture aims for a capacity of up to 50 gigawatt hours, depending on market demand and government support.
December 10, 2024 | 9:00 am
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Stellantis NV is partnering with CATL to invest €4.1 billion in a new battery plant in Spain, which could enhance its EV production capabilities.
The partnership with CATL and the significant investment in a battery plant indicates Stellantis's commitment to expanding its EV capabilities, which is likely to positively impact its stock price in the short term.
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