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Stellantis, CATL to Build $4.3 Billion Battery Plant for Affordable EV Models
Chrysler, Dodge, Jeep, and Citroen parent Stellantis and China-based energy solutions company CATL announced the launch of a new joint venture, with an agreement to invest up to €4.1 billion (USD$4.3 billion) aimed at building a large-scale EV battery plant in Spain. According to the companies, the new facility will produce lithium iron phosphate (LFP) batteries, which are typically less…