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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.