Chinese Battery Giant Makes Major Investment in Spain

» Published: December 10 2024

Chinese Battery Giant Makes Major Investment in Spain
Photo: Martin Meissner/AP/TT

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The car group Stellantis, with brands such as Peugeot and Opel, is opening a battery factory in Spain together with the Chinese battery giant Catl.

The investment amounts to 4.1 billion euros, or equivalent to 47 billion kronor. The goal is to start production towards the end of 2026.

According to media reports, Catl has been mentioned as a potential collaboration partner for the crisis-stricken Northvolt.

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By TTTranslated and adapted by Sweden Herald
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