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CHINA'S CATL FORMS JOINT VENTURE WITH STELLANTIS TO BUILD ELECTRIC VEHICLE BATTERY FACTORY IN SPAIN
Techlife News
|December 14, 2024
Chinese electric battery company CATL and automaker Stellantis will build a major battery factory in northern Spain, the partners announced this week.
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They said the plant will be located in Zaragoza and start producing lithium iron phosphate batteries by the end of 2026.
The joint venture represents an investment of 4.1 billion euros ($4.3 billion), they said in a statement. The plant plans to be carbon neutral, apparently by making use of Spain’s ample supplies of solar, wind and water power.
The announcement comes after CATL and Stellantis agreed in November 2023 to collaborate on fabrication of batteries to help build electric cars in Europe.
यह कहानी Techlife News के December 14, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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