Stellantis and CATL Join Forces to Build Spain's Largest Battery Plant
In a groundbreaking move for the electric vehicle sector, automotive giant Stellantis and Chinese battery manufacturer CATL have announced plans to construct a lithium iron phosphate (LFP) battery plant in Figueruelas, Zaragoza, Spain. The initiative, revealed on Tuesday, is poised to become the largest battery production facility in Spain, with an investment of up to 41 billion euros. Expected to commence operations by the end of 2026, the facility will boast an impressive production capacity of up to 50 GWh.
This partnership marks a pivotal development in Stellantis' ongoing strategy to enhance accessibility to electric vehicles, aligning with its ambitious strategic plan, Dare Forward 2030. The joint project exemplifies CATL's intent to solidify its presence in the European market, all while advancing its global climate commitments.
Stellantis and CATL's agreement underscores a mutual commitment to sustainable mobility, incorporating developmental phases adaptable to the dynamism of the European electric vehicle market. The partnership will maintain ongoing collaboration with Spanish authorities and the European Union, ensuring alignment with regional sustainability goals.
The projected battery plant will enable Stellantis to broaden its electric vehicle lineup, particularly in segments B and C, focusing on durable, affordable, and high-quality offerings. John Elkann, Stellantis' president, emphasized the company's dedication to a decarbonized future and advanced battery technologies. He expressed confidence that collaboration with CATL will significantly enhance Stellantis' capabilities in producing competitive electric vehicles, all while operating in a facility committed to clean and renewable energy practices.
On the other hand, Robin Zeng, CEO of CATL, highlighted the importance of this joint venture, which elevates their collaboration with Stellantis to unprecedented heights. He asserted that CATL's advanced technology and operational expertise, combined with Stellantis’ local knowledge in Zaragoza, will ensure the project's success.
The Zaragoza plant will leverage CATL's manufacturing expertise gleaned from its existing operations in Germany and Hungary. This facility is anticipated to bolster CATL's capacity to assist clients in achieving their climate goals, thereby fostering energy transition both within Europe and globally.
In line with addressing various customer requirements, Stellantis will pursue a dual chemistry approach, employing both lithium nickel manganese cobalt (NMC) and lithium iron phosphate (LFP) technologies. This reflects the company's commitment to becoming a carbon-neutral corporation by 2038 while tackling emissions comprehensively.
As the collaboration progresses, the transaction is expected to close in 2025, subject to standard regulatory conditions. Industry officials suggest that this cooperative endeavor will not only support electric vehicle production in Europe but also contribute to a more sustainable and accessible mobility landscape for all stakeholders involved.
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