Stellantis & CATL to Build EUR4.1B LFP Battery Plant in Spain

Stellantis N.V. (STLA) and CATL have agreed to invest up to €4.1 billion to establish a joint venture for a large-scale lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. This carbon-neutral facility will be developed in phases and is planned to begin production by late 2026. The plant’s capacity could reach up to 50 GWh, contingent on the evolution of Europe's electric market and ongoing support from Spanish and European Union authorities.The 50-50 partnership aims to strengthen Stellantis’ LFP ...