CATL and Stellantis plan to build a joint venture factory in Spain

In order to further consolidate its position in the European market, CATL has reached an agreement with automaker Stellantis to jointly invest in a battery factory in Spain. The factory is expected to have the capacity to supply batteries for 1.5 million electric vehicles per year. This cooperation marks the close relationship between CATL and Stellantis, and also highlights the company's strategic importance in the European market.