Stellantis, CATL Plan to Build EV Battery Plant in Europe

(Bloomberg) — Stellantis NV and China’s Contemporary Amperex Technology Co. Ltd. (CATL) plan to set up a factory for low-cost electric-vehicle batteries in Europe, deepening ties between the Fiat maker and Chinese companies.

The plant will make lithium-iron-phosphate batteries, Stellantis said Tuesday, adding that no decision has been made on its size or location. The partners are also considering a joint venture in which both contribute equally.