Stellantis and CATL have announced that they will form a 50:50 joint venture to establish an LFP battery cell production facility in Spain. The two companies are investing up to 4.1 billion euros in the factory for LFP battery cells in Zaragoza near an existing Stellantis plant. (UPDATE BE...
The Zaragoza plant will make lithium iron phosphate (LFP) batteries, which are cheaper to produce but less powerful compared with nickel manganese cobalt (NMC) ones, the other current mainstream technology. The companies said the factory, which will be designed to be completely ca...
AutomakerStellantisand Chinese battery giantCATLon Tuesday announced plans to jointly build a 4.1 billion euro ($4.3 billion), large-scale lithium iron phosphate (LFP) battery plant in Spain. The 50-50 joint venture could reach up to 50 gigawatt hours, subject to the evolution of the...
10, 2024 /PRNewswire/ -- Stellantis and CATL today announced they have reached an agreement to invest up to €4.1 billion to form a joint venture that will build a large-scale European lithium iron phosphate (LFP) battery plant in Zaragoza, ...
The Spanish business community welcomed last week's announcement that multinational auto company Stellantis and Chinese battery producer CATL have teamed up to build a 4.1-billion-euro (4.3 billion USD) battery plant in northeast Spain. You may like New direct shipping route between China, southeas...
Read:Stellantis And Samsung Building A Second Battery Plant In Indiana LFP batteries are becoming increasingly common among lower-end EVs. For example, base versions of the Tesla Model 3 and Model Y useLFP batteries from CATL. MG also uses LFP batteries as do more premium brands like Xpeng ...
Beijing (Gasgoo)-Stellantis and Contemporary Amperex Technology Co., Ltd. (CATL) announced on December 10 their agreement to invest up to €4.1 billion in a joint venture to build a large lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. ...
CATL’s battery plant in the German state of Thuringia started production in January last year, and BMW Group was the first client. Another factory the world's biggest EV battery supplier has built in the Hungarian city of Debrecen is also operational, and Mercedes Benz will be its main ...
Stellantis and CATL aim to increase the diversity and availability of a range of battery chemistries in Europe. By Will Girling
China’s CATL to build €4.1bn battery factory with Stellantis in European expansion Deal for Spanish plant comes despite EU efforts to reduce reliance on Chinese technology December 5 2024 Stellantis chief’s exit pay deal to be less than last year’s €36.5mn package ...