Stellantis, CATL Partner on $4.3B EV Battery Plant in Spain

December 16, 2024 : Stellantis, a multinational automotive corporation, and Contemporary Amperex Technology Co., Limited (CATL), a leading global battery manufacturer, have announced a strategic partnership to establish a significant battery cell manufacturing plant in Europe. This joint venture aims to bolster the region’s electric vehicle (EV) industry and strengthen the supply chain for critical battery components.  

The new facility, to be constructed in Spain, will have an annual production capacity of 40 gigawatt-hours. This substantial investment underscores Europe’s growing importance as a hub for EV manufacturing and the increasing demand for high-performance batteries.

The collaboration between Stellantis and CATL brings together two industry leaders with complementary strengths. Stellantis, a global automotive powerhouse, possesses extensive experience in vehicle design, engineering, and manufacturing. CATL, on the other hand, is renowned for its cutting-edge battery technology and manufacturing capabilities.  

By combining their expertise, the two companies aim to accelerate the development and production of advanced battery cells, enabling Stellantis to deliver a diverse range of electric vehicles. This partnership will also contribute to the European Union’s ambitious goals of reducing carbon emissions and achieving climate neutrality.

Establishing this new battery plant in Spain is a significant milestone in the European Union’s efforts to establish a robust and sustainable battery ecosystem. By investing in domestic battery production, the EU aims to reduce its reliance on imports and strengthen its position in the global electric vehicle market.  

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