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6 Frequently Asked Questions about “Lithium power station factory in Spain”
Will stellantis build a new lithium phosphate battery plant?
The joint venture will build a new lithium iron phosphate (LFP) battery plant at Stellantis' Zaragoza plant to the tune of $4.3 billion. Production is scheduled to start in late 2026.
When will lithium phosphate battery production start?
Production is scheduled to start in late 2026. Car giant Stellantis and the world's leading battery producer, Chinese company CATL, will invest EUR 4.1 billion ($4.3 billion) to build a large-scale European lithium iron phosphate (LFP) battery plant in Zaragoza, Spain.
Does CATL have a battery plant in Spain?
CATL's upcoming battery plant in Spain will be an add-on to its existing facilities in Germany and Hungary. These operations have made CATL a global leader in battery innovation, with the company consistently topping in EV battery usage and energy storage shipments worldwide.
Where is a lithium phosphate battery located?
New Battery Facility in Zaragoza: Stellantis and CATL will establish a lithium iron phosphate (LFP) battery plant at Stellantis' site in Zaragoza, Spain. Production Timeline: Operations are expected to begin by late 2026, with a potential production capacity of up to 50 GWh.
Why is stellantis launching a new battery facility in Spain?
The new facility in Spain will further support e-mobility and energy transition efforts in Europe and globally. Stellantis is pursuing a dual-chemistry battery approach, utilizing both lithium-ion nickel manganese cobalt (NMC) and lithium iron phosphate (LFP) to meet diverse customer needs.
How much will stellantis invest in a large-scale LFP battery plant?
Stellantis and CATL to Invest Up to €4.1 Billion in Joint Venture for Large-Scale LFP Battery Plant in Spain Standing: John Elkann, Stellantis Chairman and Robin Zeng, Chairman & CEO of CATL. Seated: Maxime Picat, Stellantis Chief Purchasing and Supplier Quality Officer and Libin Tan, Chief Customer Officer, President of Sales & Marketing of CATL.