Stellantis continues to invest in battery technologies that could yield more affordable electric vehicles (EVs). On 10 December 2024, the automaker announced a new 50-50 joint venture with CATL, investing up to €4.1bn (US$4.3bn) in a “large scale” lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. Production is scheduled to commence by the end of 2026, targeting a 50 GWh capacity.
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