China’s CATL plans to set up $4 billion battery JV in Spain with Stellantis
BEIJING, Dec 10 (Reuters) – Chinese electric vehicle giant CATL (300750.SZ), has plans to set up a battery joint venture with Stellantis (STLAM.MI), in Spain, according to a CATL stock filing on Tuesday.
The JV in Spain’s Zaragoza is estimated to have investment totalling 4.04 billion euros ($4.26 billion).
($1 = 0.9480 euros)
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China’s CATL plans to set up $4 billion battery JV in Spain with Stellantis, source
