China’s CATL forms joint venture with Stellantis to build electric vehicle battery factory in Spain ...Middle East

BARCELONA, Spain (AP) — Chinese electric battery giant CATL and automaker Stellantis announced Tuesday that they will build a major battery factory in northern Spain. The partners said the plant will be located in Zaragoza and start producing lithium iron phosphate batteries by the end of 2026. The joint venture represents an investment of 4.1 billion euros ($4.3 billion), they said in a statement. The plant plans to be carbon neutral, apparently by making use of Spain’s ample supplies of solar, wind and water power. The announcement comes after CATL and Stellantis agreed in November 2023 to collaborate on fabrication of batteries to help build electric cars in Europe. CATL is already produ

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