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Caixin Global
Caixin Global

Energy Insider: CATL Breaks Ground on Joint Battery Plant in Spain

CATL Spain Indonesia Hunan Middle East

CATL Breaks Ground on Joint Battery Plant in Spain

Contemporary Amperex Technology Co. Ltd. (CATL) and Stellantis NV held a groundbreaking ceremony on Wednesday for a joint lithium iron phosphate (LFP) battery factory in Spain’s Aragon region. With a planned investment of 4.1 billion euros ($4.7 billion), the project is one of the largest Chinese investments in Spain to date and will run entirely on renewable energy, with production scheduled to begin by the end of 2026.

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