Joint venture of Stellantis and CATL builds LFP battery plant in Spain

Electromobility Joint venture of Stellantis and CATL builds LFP battery plant in Spain

2024-12-17 From Stefanie Eckardt | Translated by AI 1 min Reading Time

Joint venture of Stellantis and CATL builds LFP battery plant in Spain.

As early as November 2023, Stellantis and CATL had signed a non-binding memorandum of understanding for the local supply of LFP battery cells and modules for the production of electric vehicles in Europe. Now the planned joint venture is taking shape.(Image: Stellantis) — As early as November 2023, Stellantis and CATL had signed a non-binding memorandum of understanding for the local supply of LFP battery cells and modules for the production of electric vehicles in Europe. Now the planned joint venture is taking shape.
(Image: Stellantis)

The new facility of the future 50:50 joint venture is scheduled to be operational by the end of 2026 at the Stellantis site in Zaragoza, Spain. It will achieve a capacity of up to 50 GWh, subject to the development of the electric vehicle market in Europe and the continued support of authorities in Spain and the European Union.

Define goals

Already in November 2023, Stellantis and CATL signed a non-binding memorandum of understanding for the local supply of LFP battery cells and modules for the production of electric vehicles in Europe. The two companies launched a long-term collaboration on two strategic levels. First, they aim to create a technology roadmap for Stellantis's electric vehicles. Second, both companies want to develop opportunities to strengthen the battery value chain.

Combined expertise

CATL has brought advanced battery manufacturing technology to Europe with its two plants in Germany and Hungary, which are already operational, and will expand this in the Spanish facility. Stellantis uses a dual chemistry approach—lithium-ion nickel manganese cobalt and lithium iron phosphate—to explore battery cell and pack technologies.

The transaction is expected to be completed in 2025, subject to the usual regulatory conditions. (xx)

Automotive supplier BorgWarner has LFP battery packs and a new DC charging station for commercial vehicles in its luggage for the IAA Transportation 2024. (Image:BorgWarner)

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