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Stellantis and Chinese battery maker CATL will invest 4.1 billion euros ($4.33 billion) to build one of Europe's largest electric vehicle battery factories in Spain, encouraged by lower costs and government funding.
Spain has historically had a wholesale price floor at 0 €/MWh. This is now being modified to -500 €/MWh in line with other European markets (announced Dec 20). Although very low prices have not been prevalent in Spain to date, this should help battery returns as renewable penetration increases at pace across this decade.
Spain’s Minister of Industry Jordi Hereu applauded the announcement, which he said received public funding from Europe’s post-pandemic recovery plan that includes Spain’s ambitious plan to shift to electric vehicles. “We all have a lot riding on the transition toward an electric transport model,” Hereu told reporters.
(AP Photo/Ng Han Guan, File) BARCELONA, Spain (AP) — Chinese electric battery company CATL and automaker Stellantis will build a major battery factory in northern Spain, the partners announced Tuesday. They said the plant will be located in Zaragoza and start producing lithium iron phosphate batteries by the end of 2026.
“Therefore we consider this investment to be a great sign that the car industry believes in Spain.” Stellantis includes the Chrysler, Citroen, Dodge, Jeep, Peugeot, Fiat, Opel and Alfa Romeo brands, among others. In Spain, Stellantis group has car factories in Zaragoza, Vigo and Madrid.
In Spain, Stellantis group has car factories in Zaragoza, Vigo and Madrid. The production of electric vehicles in Spain has risen from just 16,000 models in 2019 to 323,000 in 2023, but that is still 13% of the total output of 2.4 million vehicles produced, according to ANFAC, the Spanish Association of Automobile and Truck Manufacturers.
The local report suggests that Spain is currently the strongest candidate for Europe''s fourth battery factory, following the developments in Douvrin, Kaiserslautern, and Termoli. Stellantis is apparently considering the …
5 · Stellantis chairman John Elkann said in the statement that the venture "will bring innovative battery production to a manufacturing site that is already a leader in clean and …
12 · The battery industry in Spain is in a phase of consolidation and growth, driven by investments exceeding 7 billion euros in gigafactories and recycling projects.. In this context, …
5 · BARCELONA, Spain — Chinese electric battery company CATL and automaker Stellantis will build a major battery factory in northern Spain, the partners announced Tuesday.
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6 · Stellantis and Chinese battery maker CATL will invest 4.1 billion euros ($4.33 billion) to build one of Europe''s largest electric vehicle battery factories in Spain, encouraged by lower …
Spain grants $146 million subsidy to Stellantis for potential EV battery plant. MADRID, Oct 8 (Reuters) – Spain has granted automaker Stellantis, a 133 million euro ($146 …
6 · Spain — Europe''s second largest car producer after Germany — is emerging as a winner for some battery investments, due to advantages such as lower energy costs.
Phi4tech, together with the regional President of Extremadura and the General Secretary for Industry in Spain, has formally announced in a press conference – on the 24th of March, 2021 – the first integrated battery …
5 · The venture in Spain will make lithium iron phosphate (LFP) batteries for affordable EVs, crossovers and sport-utility vehicles with an intermediate range.
But now batteries have been acknowledged as in important part of Spain''s future energy system. According to the strategy, the government wants to add large-scale …
Blue Solutions'' LMP ® technology design is unique: a completely solid cell, no liquid or gel constituents, made with two reversible electrodes (one lithium metal) physically separated by a …
6 · Stellantis and Chinese battery maker CATL will invest 4.1 billion euros ($4.33 billion) to build one of Europe''s largest electric vehicle battery factories in Spain, encouraged by lower …
6 · Stellantis NV and a Chinese partner plan to invest as much as €4.1 billion ($4.3 billion) in a battery plant in Spain, giving a boost to Europe''s struggling effort to build an electric …
6 · BARCELONA, Spain (AP) — Chinese electric battery company CATL and automaker Stellantis will build a major battery factory in northern Spain, the partners announced Tuesday. …
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5 · Car giant Stellantis and Chinese manufacturer CATL said Tuesday they would build a $4.3-billion factory to make electric vehicle batteries in Spain, the latest bid to boost Europe''s …
6 · Car giant Stellantis and Chinese electric battery manufacturer CATL announced on Tuesday that they are going to build a major battery factory in Zaragoza, in northern Spain.. In …
6 · Stellantis and CATL have announced plans to jointly build a 4.1 billion euro ($4.3 billion) lithium iron phosphate battery plant in Spain.
In converting the Spanish motor industry to produce battery-powered vehicles, there seems to be no turning back. All the carmakers with an industrial presence in Spain have …
A rendering of the proposed PowerCo Gigafactory in the Sagunto district of Valencia, Spain. Volkswagen''s battery-focused in-house subsidiary, Power Co, has been …