Joint venture lithium battery

Will stellantis build a large-scale lithium iron phosphate battery plant?

European OEM Stellantis has announced a new joint venture with the world’s largest battery manufacturer CATL, to build a large-scale lithium iron phosphate (LFP) battery plant at one of the former’s existing production sites.

What is a CATL joint venture?

This important joint venture with our partner CATL will bring innovative battery production to a manufacturing site that is already a leader in clean and renewable energy, helping drive a 360-degree sustainable approach.

Will stellantis build a new LFP battery plant in Spain?

Just over a year later, Stellantis and CATL have finalized their proposed joint venture and will pool funds to build a new LFP battery plant in Spain that could reach an annual capacity of 50 GWh.

Where will a lithium phosphate battery plant be located?

They said the plant will be located in Zaragoza and start producing lithium iron phosphate batteries by the end of 2026. The joint venture represents an investment of 4.1 billion euros ($4.3 billion), they said in a statement. The plant plans to be carbon neutral, apparently by making use of Spain’s ample supplies of solar, wind and water power.

Does stellantis have a joint venture with CATL?

Stellantis and CATL published the same press release today, confirming the joint venture agreement in which they will invest up to 4.1 billion euros to erect the LFP manufacturing facility at Stellantis’ existing production site in Zaragoza, Spain.

Where will CATL & stellantis build a battery factory?

(AP Photo/Ng Han Guan, File) BARCELONA, Spain (AP) — Chinese electric battery company CATL and automaker Stellantis will build a major battery factory in northern Spain, the partners announced Tuesday. They said the plant will be located in Zaragoza and start producing lithium iron phosphate batteries by the end of 2026.