Stellantis and CATL have unveiled plans to establish a joint venture to build a large-scale lithium iron phosphate (LFP) battery facility in Zaragoza, Spain, with an investment of up to €4.1 billion (₹36,030 crore). This state-of-the-art facility will be developed in phases and is designed to operate with complete carbon neutrality.
Production is set to commence by the end of 2026 at Stellantis’ Zaragoza site. The plant aims to achieve a production capacity of up to 50 GWh, depending on the evolution of Europe’s electric vehicle market and continued support from Spanish and EU authorities.
The 50-50 partnership between Stellantis and CATL will bolster Stellantis’ LFP offerings in Europe, enabling the production of durable and cost-efficient battery-electric vehicles (BEVs) in the B and C segments, including passenger cars, crossovers, and SUVs, with intermediate ranges. In November 2023, Stellantis and CATL signed a non-binding MoU to locally source LFP battery cells and modules for EV production in Europe. The collaboration also focuses on advancing Stellantis’ BEV technology roadmap and strengthening the battery value chain.
“Stellantis is fully committed to achieving a decarbonized future by leveraging cutting-edge battery technologies to offer competitive EV products,” said John Elkann, Chairman of Stellantis. “This joint venture with CATL aligns with our vision for sustainability, and I am grateful for the continued support from the Spanish authorities in making this project a reality.”
Robin Zeng, Chairman and CEO of CATL, added, “This partnership elevates our collaboration with Stellantis to new heights. By combining CATL’s advanced battery technology and Stellantis’ expertise in local operations, we are creating a major success story in the industry. CATL is dedicated to making zero-carbon technology accessible globally, and this venture is a significant step forward.”
This Zaragoza plant marks CATL’s third battery facility in Europe, complementing its existing operations in Germany and Hungary. The new plant will enhance CATL’s capacity to support climate goals and advance e-mobility and energy transition efforts across Europe and the global market.
Stellantis is employing a dual-chemistry approach—lithium-ion nickel manganese cobalt (NMC) and lithium iron phosphate (LFP)—to cater to diverse customer needs. The automaker continues to explore innovative battery technologies to deliver efficient and sustainable solutions for its electric vehicles.
Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) stands as one of the world’s top automakers, dedicated to delivering clean, safe, and affordable mobility for everyone. The company boasts a diverse portfolio of iconic and innovative brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move, and Leasys. Guided by its Dare Forward 2030 strategic plan, Stellantis aims to become a carbon net-zero mobility technology company by 2038, with minimal residual emissions offset, while creating sustainable value for its stakeholders.
Contemporary Amperex Technology Co., Limited (CATL) is a global leader in new energy technology, renowned for its innovative solutions and services in energy applications. Listed on the Shenzhen Stock Exchange since June 2018 (stock code 300750), CATL has been the global leader in EV battery consumption volume for seven consecutive years as of 2023 and has led the global energy storage battery market share for three consecutive years. Widely trusted by leading EV and energy storage partners, CATL has set ambitious goals to achieve carbon neutrality in its core operations by 2025 and across its entire battery supply chain by 2035, reaffirming its commitment to advancing the global energy transition.
