For €4.1 billion Stellantis and Contemporary Amperex Technology Co. Ltd. (CATL) have announced a landmark agreement to invest up to €4.1 billion in a joint venture to build a large-scale lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. The cutting-edge facility, set to commence
CATL
As Chinese players target emerging markets As of October 2024, Chinese battery manufacturers dominate the global electric vehicle (EV) battery market, holding approximately two-thirds of the market share. This dominance is primarily attributed to their control over vital raw materials and their rapid adaptation to technological advancements, enabling them to outperform