Tag Archives: Robin Zeng

Stellantis and CATL JV for LFP Battery Plant in Spain

Posted on 10 December 2024 by Ken Zino

Stellantis (NYSE: STLA )* and CATL (Shenzhen 300750) today announced they have reached an agreement to invest up to €4.1 billion to form a joint venture that will build a large-scale European lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. Designed to be carbon neutral, the battery plant will be implemented in several phases and investment plans. The transaction is expected to close during 2025 and is subject to customary regulatory conditions.

“Stellantis is committed to a decarbonized future, embracing all available advanced battery technologies to bring competitive electric vehicle products to our customers,” said Stellantis Chairman John Elkann. “This important joint venture with our partner CATL will bring innovative battery production to a manufacturing site that is already a leader in clean and renewable energy, helping drive a 360-degree sustainable approach. I want to thank all stakeholders involved in making today’s announcement a reality, including the Spanish authorities for their continued support.” Continue reading →

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Stellantis and CATL MoU for Lithium Iron Phosphate Batteries

Posted on 21 November 2023 by Ken Zino

Stellantis and CATL are considering the possibility of a joint investment in the form of a joint venture with equivalent contributions. Stellantis aims to use lithium iron phosphate (LFP) batteries to assist making its Dare Forward 2030 electrification targets. LFP has a long service life and high thermal stability. Continue reading →

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