MADRID (Reuters) -- Stellantis and Chinese battery maker CATL will invest 4.1 billion euros ($4.33 billion) in a factory making electric vehicle batteries in Zaragoza in northern Spain, they said on Tuesday.
The companies have set up a 50-50 joint venture for the project and expect to start production by the end of 2026. The factory's capacity could reach 50 gigawatt hours, depending on the evolution of the EV market in the region and on support from authorities, they said in a statement.
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