CATL stated its intention to proceed with a joint venture plant with Stellantis in Spain, with total investment expected to be approximately €4.038 billion and annual production capacity of around 50 GWh.
On 24 September, CATL announced that it would steadily advance construction of its plant in Indonesia, its plant in Hungary and its joint venture plant in Spain, among others.
The Spanish joint venture plant will be located in Zaragoza, in Spain’s Aragon region, with total investment expected to reach €4.038 billion.
The plant will have annual production capacity of 50 GWh, with Stellantis as its customer. CATL and Stellantis will establish a joint venture company in Spain, with each contributing 50% of the equity. Construction is expected to take 4 years.