The largest cylindrical lithium battery factory in Spain

Will stellantis and CATL build a lithium phosphate battery plant in Spain?

Automaker Stellantis and Chinese battery giant CATL on Tuesday announced plans to jointly build a 4.1 billion euro ($4.3 billion) lithium iron phosphate (LFP) battery plant in Spain.

Where is stellantis building a battery plant?

A Stellantis worker in the Hybrid and PHEV Vehicles Stellantis Group eDCT Assembly Plant on April 10, 2024, in Turin, Italy. Automaker Stellantis and Chinese battery giant CATL on Tuesday announced plans to jointly build a 4.1 billion euro ($4.3 billion), large-scale lithium iron phosphate (LFP) battery plant in Spain.

Which EV battery company is launching a joint venture with stellantis?

In December 2024, CATL announced a joint venture EV battery plant with Stellantis in Spain. Both companies will invest 4.1 billion EUR into a new plant that will produce lithium iron phosphate (LFP) batteries for vehicles from the Stellantis group. The plant’s annual production is up to 50 GWh of battery capacity.

Will stellantis build a battery plant in Zaragoza?

However, Stellantis has yet to decide whether to build a battery plant in Zaragoza, and the Spanish government is hoping to provide subsidies to convince the company to finalize the battery plant project, thus consolidating Spain’s position as a major automotive hub in Europe.

Where will EV batteries be built?

Chinese battery manufacturer CATL and multinational automaker Stellantis have unveiled plans to construct a €4.1 billion electric vehicle (EV) battery factory in Figueruelas, near Zaragoza, northern Spain.

Why is stellantis launching a new battery facility in Spain?

The new facility in Spain will further support e-mobility and energy transition efforts in Europe and globally. Stellantis is pursuing a dual-chemistry battery approach, utilizing both lithium-ion nickel manganese cobalt (NMC) and lithium iron phosphate (LFP) to meet diverse customer needs.