CATL and Stellantis to build €4.1 billion LFP battery plant in Spain

The article is being updated with details.

- 广告

Stellantis and CATL have announced plans to invest up to €4.1 billion in a joint venture to construct a lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. The facility, expected to begin operations by late 2026, aims to reach a production capacity of up to 50 GWh, depending on market conditions and regulatory support from Spain and the European Union, the companies announced in a joint statement.

The company claims the project marks a significant step in Stellantis’ efforts to advance its electric vehicle (EV) production capabilities in Europe. The automaker is leveraging a dual-chemistry approach, incorporating both lithium-ion nickel manganese cobalt (NMC) and LFP battery technologies to meet varying customer needs. The Zaragoza plant will focus on supplying affordable, durable battery systems for B- and C-segment vehicles, including passenger cars, crossovers, and SUVs.

- 广告

This venture builds on an earlier non-binding memorandum of understanding (MOU) signed in November 2023 between Stellantis and CATL. The agreement outlined plans for local LFP battery cell and module production in Europe and a long-term collaboration on advancing EV battery technology.