Stellantis, China's CATL to Invest $4.33 Billion in EV Battery Factory in Spain
MADRID (Reuters) - Stellantis and Chinese battery maker CATL will invest 4.1 billion euros ($4.33 billion) in a factory making electric vehicle batteries in Zaragoza in northern Spain, they said in a statement on Tuesday. They have set up a 50-50 joint venture for the project and expect to start production by the end of 2026.