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Stellantis and CATL Partner for €4.1 Billion Battery Plant in Spain

Dec 16, 2024over 1 year ago

Contract Type

partnership

AmsterdamFinancial Services

Description

Stellantis and CATL have partnered to build a €4.1 billion battery plant in Zaragoza, Spain, a significant step towards electric vehicle (EV) production and battery independence in Europe. The plant will utilize LFP battery technology and is designed for environmental sustainability with zero carbon emissions.

Company Information

Company

Groupe PSA

Location

Amsterdam, North Holland, Netherlands

About

Groupe PSA is a multinational automotive manufacturer headquartered in France. The company produces various automobile brands including Peugeot, Citroën, and DS Automobiles. It focuses on innovation and sustainable transportation solutions. Groupe PSA is known for its commitment to electric and hybrid vehicles.

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Based on industry data
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Partnership agreements typically involve technology integration and joint go-to-market strategies
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