China''s CATL forms joint venture with Stellantis to build electric
BARCELONA, Spain (AP) — Chinese electric battery company CATL and automaker Stellantis will build a major battery factory in northern Spain, the partners
Stellantis and CATL have announced plans to jointly build a 4.1 billion euro ($4.3 billion) lithium iron phosphate battery plant in Spain.
The factory, with an investment of €285 million and occupying approximately 25 acres, will be located close to a planned battery plant in the region. It is set to become the first factory in Spain's Catalonia region to produce lithium iron phosphate (LFP) materials. Dynanonic and ICL will hold 20% and 80% stakes in the factory, respectively.
Accodring to ICC, ecently, Dynanonic reached an agreement with specialty minerals company ICL Group to jointly establish a lithium battery materials factory in Sallent, Catalonia, Spain. The factory, with an investment of €285 million and occupying approximately 25 acres, will be located close to a planned battery plant in the region.
A joint venture between the Israeli firm ICL Group and China's Shenzhen Dynanonic plans to build a $297 million lithium iron phosphate (LFP) plant in Spain. LFP is a cheap cathode material for batteries. ICL has also been planning an LFP plant in Missouri. That plant will use technology from the Taiwanese firm Aleees.
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