Stellantis & CATL to Build EUR4.1B LFP Battery Plant in Spain
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Stellantis and CATL have announced a joint venture to invest EUR4.1 billion in a new LFP battery plant in Spain. This move is part of Stellantis' strategy to enhance its electric vehicle capabilities.
December 12, 2024 | 4:00 pm
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Stellantis is partnering with CATL to invest EUR4.1 billion in a new LFP battery plant in Spain, which aligns with its strategy to expand electric vehicle production.
The joint venture with CATL for a significant investment in a battery plant is likely to positively impact Stellantis' stock as it strengthens its position in the EV market.
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