Stellantis, a global automaker, and Contemporary Amperex Technology Co. Limited (CATL), a leading battery manufacturer, have entered into a strategic partnership to invest $50 billion in constructing an electric vehicle battery plant in Spain. Together, they plan to produce advanced battery technologies that cater to the growing demand for electric vehicles in Europe.
Tag: CATL
Chinese Battery Manufacturer CATL Partners with European Automaker Stellantis for Major Expansion
Chinese battery manufacturer Contemporary Amperex Technology Co. Limited (CATL) is set to build a 43 billion-euro battery factory in Germany in a joint venture with European automaker Stellantis, as they prepare for a major expansion in the European market.