GBAF Logo
Finance

China's CATL plans to set up $4 billion battery JV in Spain with Stellantis

Published by Global Banking & Finance Review

Posted on December 10, 2024

1 min read

· Last updated: January 27, 2026

Add as preferred source on Google
Graph depicting new car sales growth in Spain amid industry challenges - Global Banking & Finance Review
This image illustrates the recent rise in new car sales in Spain, surpassing one million in 2024, while highlighting the industry challenges ahead for 2025. Key trends include shifting car usage and competition from Chinese brands.

CATL to Establish $4 Billion Battery JV with Stellantis in Spain

BEIJING (Reuters) - Chinese electric vehicle giant CATL has plans to set up a battery joint venture with Stellantis in Spain, according to a CATL stock filing on Tuesday.

The JV in Spain's Zaragoza is estimated to have investment totalling 4.04 billion euros ($4.26 billion).

($1 = 0.9480 euros)

(Reporting by Beijing newsroom; Editing by Himani Sarkar)

Key Takeaways

  • CATL plans a battery joint venture with Stellantis.
  • The JV will be located in Zaragoza, Spain.
  • The investment is estimated at 4.04 billion euros.
  • This move strengthens CATL's presence in Europe.
  • Stellantis aims to boost its EV capabilities.

Frequently Asked Questions

What is the main topic?
The article discusses CATL's plan to establish a $4 billion battery joint venture with Stellantis in Spain.
Where will the joint venture be located?
The battery joint venture will be located in Zaragoza, Spain.
What is the estimated investment for the JV?
The estimated investment for the joint venture is 4.04 billion euros.

Related Articles

Image for Armani revenue slips in 2025 after 'difficult' year, CEO says

Armani revenue slips in 2025 after 'difficult' year, CEO says

Image for Facebook, Instagram charged with breaching rules, must do more to protect kids below 13, EU says

Facebook, Instagram charged with breaching rules, must do more to protect kids below 13, EU says

Image for UK's Jet2 summer bookings rise but Iran conflict adds uncertainty

UK's Jet2 summer bookings rise but Iran conflict adds uncertainty

Image for Naturgy posts earnings beat on higher energy prices

Naturgy posts earnings beat on higher energy prices

Image for Iberdrola quarterly profit drops 15% y/y, in line with estimates

Iberdrola quarterly profit drops 15% y/y, in line with estimates

Image for Spain's Aena posts 9% quarterly profit rise on higher airport traffic 

Spain's Aena posts 9% quarterly profit rise on higher airport traffic 

More from Finance

Explore more articles in the Finance category

Image for UK housing minister says government is not looking at rent controls
UK housing minister says government is not looking at rent controls
Image for TotalEnergies reports 29% earnings rise in Q1 on strong trading, prices
TotalEnergies reports 29% earnings rise in Q1 on strong trading, prices
Image for Britain's Lloyds Bank reports first-quarter profit rise of 33%
Britain's Lloyds Bank reports first-quarter profit rise of 33%
Image for Aston Martin's first-quarter loss narrows, signs $68 million funding with shareholder 
Aston Martin's first-quarter loss narrows, signs $68 million funding with shareholder 
Image for Sensodyne maker Haleon reports organic revenue growth sligtly below estimates
Sensodyne maker Haleon reports organic revenue growth sligtly below estimates
Image for GSK beats quarterly profit estimates on strength in respiratory, general medicines
GSK beats quarterly profit estimates on strength in respiratory, general medicines
Image for Romanian parliament clears 8.33 billion euros worth of EU-funded defence contracts
Romanian parliament clears 8.33 billion euros worth of EU-funded defence contracts
Image for Carlsberg's Q1 revenues rise 3.6%, just behind forecasts 
Carlsberg's Q1 revenues rise 3.6%, just behind forecasts 
Image for AstraZeneca beats profit expectations, keeps annual outlook unchanged
AstraZeneca beats profit expectations, keeps annual outlook unchanged
Image for Truckmaker Traton sees increase in first quarter orders
Truckmaker Traton sees increase in first quarter orders
Image for Iran war, jet fuel concerns cloud airlines' summer holiday plans
Iran war, jet fuel concerns cloud airlines' summer holiday plans
Image for Kone to buy rival TK Elevator in $34.4 billion deal
Kone to buy rival TK Elevator in $34.4 billion deal
View All Finance Posts