Stellantis and CATL to Invest Up to €4.1 Billion in Joint Venture for Large-Scale LFP Battery Plant in Spain
Stellantis (STLA) and CATL announced a €4.1 billion joint venture to build a lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. The 50-50 partnership aims to start production by end of 2026, with potential capacity reaching up to 50 GWh. The carbon-neutral facility will manufacture batteries for affordable electric vehicles in the B and C segments.
The joint venture strengthens Stellantis' dual-chemistry battery strategy and supports its goal of becoming carbon net zero by 2038. The plant will enhance CATL's European presence, complementing its existing facilities in Germany and Hungary. The transaction is expected to close in 2025, subject to regulatory approvals.
Stellantis (STLA) e CATL hanno annunciato una joint venture da 4,1 miliardi di euro per costruire uno stabilimento di batterie al fosfato di ferro litio (LFP) a Zaragoza, in Spagna. La partnership 50-50 punta a iniziare la produzione entro la fine del 2026, con una capacità potenziale che potrebbe raggiungere fino a 50 GWh. L'impianto a emissioni di carbonio nulle produrrà batterie per veicoli elettrici accessibili nei segmenti B e C.
La joint venture rafforza la strategia a doppia chimica di Stellantis e supporta il suo obiettivo di diventare carbon neutral entro il 2038. Lo stabilimento potenzierà la presenza europea di CATL, integrando le sue strutture esistenti in Germania e Ungheria. Si prevede che la transazione si concluda nel 2025, soggetta ad approvazioni regolamentari.
Stellantis (STLA) y CATL anunciaron una joint venture de 4.1 mil millones de euros para construir una planta de baterías de fosfato de hierro de litio (LFP) en Zaragoza, España. La asociación 50-50 tiene como objetivo iniciar la producción para finales de 2026, con una capacidad potencial que podría alcanzar hasta 50 GWh. La instalación neutra en carbono fabricará baterías para vehículos eléctricos asequibles en los segmentos B y C.
La joint venture refuerza la estrategia de batería de doble química de Stellantis y apoya su objetivo de llegar a ser carbono neutral para 2038. La planta mejorará la presencia europea de CATL, complementando sus instalaciones existentes en Alemania y Hungría. Se espera que la transacción se cierre en 2025, sujeta a aprobaciones regulatorias.
스텔란티스 (STLA)와 CATL이 스페인 사라고사에 리튬 인산철 (LFP) 배터리 공장을 건설하기 위해 41억 유로 규모의 합작 회사를 발표했습니다. 50-50 파트너십은 2026년 말까지 생산을 시작할 계획이며, 잠재적인 생산 용량은 최대 50GWh에 이를 수 있습니다. 이 탄소 중립 시설은 B 및 C 세그먼트의 저렴한 전기 자동차용 배터리를 제조할 것입니다.
이 합작 회사는 스텔란티스의 이중 화학 배터리 전략을 강화하고 2038년까지 탄소 중립 목표를 지원합니다. 이 공장은 독일과 헝가리에 있는 CATL의 기존 시설을 보완하며 유럽 내 présence를 확대할 것입니다. 승인 규제를 받게 되는 이 거래는 2025년까지 완료될 것으로 예상됩니다.
Stellantis (STLA) et CATL ont annoncé un partenariat de 4,1 milliards d'euros pour construire une usine de batteries au phosphate de fer lithium (LFP) à Saragosse, en Espagne. Ce partenariat à parts égales vise à commencer la production d'ici fin 2026, avec une capacité potentielle pouvant atteindre 50 GWh. L'installation neutre en carbone fabriquera des batteries pour des véhicules électriques abordables dans les segments B et C.
Ce partenariat renforce la stratégie de batterie à double chimie de Stellantis et soutient son objectif de neutralité carbone d'ici 2038. L'usine renforcera la présence de CATL en Europe, en complétant ses installations existantes en Allemagne et en Hongrie. La transaction devrait être finalisée en 2025, sous réserve des approbations réglementaires.
Stellantis (STLA) und CATL haben ein Gemeinschaftsunternehmen im Wert von 4,1 Milliarden Euro angekündigt, um ein Lithium-Eisenphosphat (LFP) Batteriewerk in Zaragoza, Spanien, zu bauen. Die 50-50-Partnerschaft hat zum Ziel, die Produktion bis Ende 2026 zu starten, mit einer potenziellen Kapazität von bis zu 50 GWh. Die CO2-neutrale Anlage wird Batterien für erschwingliche Elektrofahrzeuge in den Segmenten B und C herstellen.
Das Gemeinschaftsunternehmen stärkt die duale Batterietechnologiestrategie von Stellantis und unterstützt das Ziel, bis 2038 CO2-neutral zu werden. Das Werk wird die europäische Präsenz von CATL erweitern und ergänzt dessen bestehende Standorte in Deutschland und Ungarn. Die Transaktion wird voraussichtlich 2025 abgeschlossen, vorbehaltlich der Genehmigung durch die Aufsichtsbehörden.
- €4.1 billion investment in new battery production facility
- 50 GWh potential production capacity
- Strategic 50-50 partnership with leading battery manufacturer CATL
- Vertical integration in EV battery supply chain
- Expansion of manufacturing capabilities in Europe
- Significant capital expenditure required
- Production start not until end of 2026
- Capacity subject to market evolution and continued government support
Insights
Stellantis and CATL to Invest Up to
- Joint venture to build an all-new lithium iron phosphate (LFP) battery plant at Stellantis’ Zaragoza, Spain site
- Production is planned to start by end of 2026 and could reach up to 50 GWh capacity
- Stellantis is committed to bringing more affordable battery electric vehicles in support of its Dare Forward 2030 strategic plan leveraging its dual-chemistry strategy
- Plant will enable CATL to better meet customers’ need for advanced battery technology and support global climate ambitions
AMSTERDAM, December 10, 2024 – Stellantis and CATL today announced they have reached an agreement to invest up to
Targeted to start production by end of 2026 at Stellantis’ Zaragoza, Spain site, the facility could reach up to 50 GWh capacity, subject to the evolution of the electrical market in Europe and continued support from authorities in Spain and the European Union. The 50-50 joint venture between CATL and Stellantis will boost Stellantis’ best-in-class LFP offer in Europe enabling the automaker to offer more high-quality, durable and affordable battery-electric passenger cars, crossovers and SUVs in the B and C segments with intermediate ranges.
In November 2023, Stellantis and CATL signed a non-binding MOU for the local supply of LFP battery cells and modules for electric vehicle production in Europe and established a long-term collaboration on two strategic fronts: creating a bold technology roadmap to support Stellantis’ advanced battery electric vehicles (BEV) and identifying opportunities to further strengthen the battery value chain.
“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.”
“The joint venture has taken our cooperation with Stellantis to new heights, and I believe our cutting-edge battery technology and outstanding operation knowhow combined with Stellantis’ decades-long experience in running business locally in Zaragoza will ensure a major success story in the industry,” said Robin Zeng, Chairman and CEO of CATL. “CATL’s goal is to make zero-carbon technology accessible across the globe, and we look forward to cooperating with our partners globally through more innovative cooperation models.”
CATL is bringing state-of-the-art battery manufacturing technology to Europe through its two plants in Germany and Hungary, which are already operational. The Spanish facility will enhance its capabilities to support customers’ climate goals, further underscoring its commitment to advancing e-mobility and energy transition efforts in Europe and the global market.
Stellantis is employing a dual-chemistry approach – lithium-ion nickel manganese cobalt (NMC) and lithium iron phosphate (LFP) – to serve all customers and exploring innovative battery cell and pack technologies. Stellantis is on track to becoming a carbon net zero corporation by 2038, all scopes included, with single-digit percentage compensation of remaining emissions.
The transaction is expected to close in the course of 2025 and is subject to customary regulatory conditions.
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About Stellantis
Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading automakers aiming to provide clean, safe and affordable freedom of mobility to all. It’s best known for its unique 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. Stellantis is executing its Dare Forward 2030, a bold strategic plan that paves the way to achieve the ambitious target of becoming a carbon net zero mobility tech company by 2038, with single-digit percentage compensation of the remaining emissions, while creating added value for all stakeholders. For more information, visit www.stellantis.com.
About CATL
Contemporary Amperex Technology Co., Limited (CATL) is a global leader in new energy technology innovation, committed to providing premier solutions and services for new energy applications worldwide.
In June 2018, the company went public on the Shenzhen Stock Exchange with stock code 300750. In the year 2023, CATL’s EV battery consumption volume has ranked No.1 in the world for seven consecutive years, and it has ranked first in the market share of global energy storage battery shipment for three straight years. CATL also enjoys wide recognition by global EV and energy storage partners.
Committed to making outstanding contribution to energy transition of mankind, CATL in 2023 announced its strategic goals of achieving carbon neutrality in core operations by 2025 and across the battery supply chain by 2035.
CONTACTS:
Fernão Silveira
Global Communications / Stellantis
+31 6 43 25 43 41
fernao.silveira@stellantis.com
communications@stellantis.com
www.stellantis.com
Fred Zhang
International Communications / CATL
+86 (0)593 890 4029
Zhangyz02@catl.com
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