In a significant move poised to transform the European electric vehicle (EV) landscape, Chinese battery manufacturer CATL and automotive giant Stellantis have announced a joint venture to build a €4. 3 billion) lithium iron phosphate (LFP) battery factory in Zaragoza. . Attendees look at the next generation battery swapping station from China-based CATL, the world's largest EV battery maker in Xiamen, China. 1bn. . The Spain Sodium-ion Battery Energy Storage System (BESS) market is experiencing rapid growth driven by increasing renewable energy integration, grid modernization initiatives, and a push towards sustainable energy solutions. The 50 GWh plant, supported by EU funding with 5,000 staff, will supply cells to Zaragoza EVs by late 2026. Contemporary Amperex Technology Co.
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