China's CATL plans to set up $4 billion battery JV in Spain with Stellantis
Published by Global Banking & Finance Review®
Posted on December 10, 2024
1 min readLast updated: January 27, 2026

Published by Global Banking & Finance Review®
Posted on December 10, 2024
1 min readLast updated: January 27, 2026

CATL and Stellantis are forming a $4 billion battery joint venture in Zaragoza, Spain, enhancing their presence in the European EV market.
BEIJING (Reuters) - Chinese electric vehicle giant CATL has plans to set up a battery joint venture with Stellantis in Spain, according to a CATL stock filing on Tuesday.
The JV in Spain's Zaragoza is estimated to have investment totalling 4.04 billion euros ($4.26 billion).
($1 = 0.9480 euros)
(Reporting by Beijing newsroom; Editing by Himani Sarkar)
The article discusses CATL's plan to establish a $4 billion battery joint venture with Stellantis in Spain.
The battery joint venture will be located in Zaragoza, Spain.
The estimated investment for the joint venture is 4.04 billion euros.
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