Stellantis and CATL to establish LFP battery factory in Spain
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In the official statement made today, it was announced that Stellantis and CATL will establish a new company in Zaragoza, Spain. lithium iron phosphate (LFP) for battery factory to $4.3 billion It was announced that it would invest up to The factory is expected to start operating towards the end of 2026. 50 GWh per year production is planned. To achieve this goal, the market situation in Europe as well as the support of the competent authorities in Spain and the EU will play an important role.
The control of the partnership established for the factory will be held by CATL, which has a 50% share. Stellantis’ share is divided as 40% for STLA Spain and 10% for STLA France. The factory construction will consist of various phases and the construction process will last a total of four years. The first phase will be completed in 2026, as we mentioned above. On the other hand, it is stated that the project is subject to competition approvals in various countries, as well as approvals from the Chinese and Spanish governments.
Stellantis is a large manufacturer that includes a total of 14 brands such as Peugeot, Citroen, Opel and Fiat. LFP batteries to be produced in Europe will enable the company’s brands to offer B and C segment passenger cars with more affordable and long-lasting batteries.
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