Spain electrified as CATL and Stellantis agree gigafactory deal
Dec 24, 2024 · A groundbreaking $4 billion joint venture has been signed in Spain as Chinese battery giant CATL and carmaker Stellantis charge ahead with a new 50GW electric vehicle
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6 Frequently Asked Questions about “Spanish pack battery factory”
Does Spain have a battery factory?
Spain is a clear beneficiary of this mixed situation. Having its own battery factory with low-cost LFP cells is a real competitive advantage for the three Stellantis plants in Zaragoza, Vigo and Madrid – especially as Stellantis has already announced that it will build small electric cars based on the upcoming STLA Small platform in Spain.
Will stellantis build a battery factory in Spain?
Stellantis and Chinese battery maker CATL will invest 4.1 billion euros ($4.33 billion) to build one of Europe's largest electric vehicle battery factories in Spain, encouraged by lower costs and government funding.
Will CATL be a partner for LFP batteries in Spain?
In November 2023, the car manufacturer officially announced its partnership with CATL for LFP batteries in Europe, and Spain became the subject of focus when, in January 2024, CATL was also mentioned in the Spanish media as a likely project partner in the country.
Why is Volkswagen launching EV battery production in Spain?
Volkswagen Group, through its Spanish affiliate SEAT, has also invested in EV battery production, announcing plans for a factory in Valencia. These developments demonstrate Spain's growing prominence in the shift towards sustainable automotive technologies.
When will the new LFP battery production plant go into operation?
(UPDATE BELOW) The new LFP battery production plant from Stellantis and CATL is scheduled to go into operation at the end of 2026. The goal is an annual capacity of up to 50 GWh in a later expansion stage.
Where will EV batteries be built?
Chinese battery manufacturer CATL and multinational automaker Stellantis have unveiled plans to construct a €4.1 billion electric vehicle (EV) battery factory in Figueruelas, near Zaragoza, northern Spain.