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Stellantis-CATL joint venture to invest $4.3b in EV battery factory in Spain

Stellantis-CATL joint venture to invest $4.3b in EV battery factory in Spain

FILE PHOTO: The logo of Stellantis is seen on the company's building in Velizy-Villacoublay near Paris, France, March 19, 2024. REUTERS/Gonzalo Fuentes/File Photo

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 on Tuesday.