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    1. Home
    2. >Finance
    3. >China's CATL plans to set up $4 billion battery JV in Spain with Stellantis
    Finance

    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 read

    Last updated: January 27, 2026

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    This image illustrates the recent rise in new car sales in Spain, surpassing one million in 2024, while highlighting the industry challenges ahead for 2025. Key trends include shifting car usage and competition from Chinese brands.
    Graph depicting new car sales growth in Spain amid industry challenges - Global Banking & Finance Review
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    Quick Summary

    CATL and Stellantis are forming a $4 billion battery joint venture in Zaragoza, Spain, enhancing their presence in the European EV market.

    CATL to Establish $4 Billion Battery JV with Stellantis in Spain

    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)

    Key Takeaways

    • •CATL plans a battery joint venture with Stellantis.
    • •The JV will be located in Zaragoza, Spain.
    • •The investment is estimated at 4.04 billion euros.
    • •This move strengthens CATL's presence in Europe.
    • •Stellantis aims to boost its EV capabilities.

    Frequently Asked Questions about China's CATL plans to set up $4 billion battery JV in Spain with Stellantis

    1What is the main topic?

    The article discusses CATL's plan to establish a $4 billion battery joint venture with Stellantis in Spain.

    2Where will the joint venture be located?

    The battery joint venture will be located in Zaragoza, Spain.

    3What is the estimated investment for the JV?

    The estimated investment for the joint venture is 4.04 billion euros.

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