Fiat and Vauxhall owner Stellantis teams up with China's CATL to build EV battery plant
Portfolio Pulse from
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
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90