Market
What percentage of local workforce will be employed at Stellantis and CATL's Zaragoza plant by 2026?
3
Resolution / Starting Odds
Less than 50% • 25%
50-70% • 25%
71-90% • 25%
More than 90% • 25%
Employment reports or official statements from Stellantis or local government
Story
Stellantis and CATL's €4.1B Joint Venture to Build Spain's Largest LFP Battery Plant in Zaragoza
Dec 10, 2024, 10:08 AM
Stellantis NV and China's Contemporary Amperex Technology Co. Ltd. (CATL) have announced a 50-50 joint venture to invest up to €4.1 billion ($4.3 billion) to build a new electric vehicle battery plant in Figueruelas, Zaragoza, Spain. The facility aims to be the largest battery manufacturing plant in Spain, producing lithium iron phosphate (LFP) batteries with an annual capacity of up to 50 gigawatt-hours (GWh). Production is expected to commence by the end of 2026, creating approximately 3,000 jobs. The investment is part of Stellantis's strategy to secure access to electric vehicle batteries, reduce reliance on imports, and avoid tariffs on Chinese-made batteries. The plant is expected to be carbon neutral.
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Similar markets
30-40 GWh • 25%
Less than 30 GWh • 25%
More than 50 GWh • 25%
40-50 GWh • 25%
No • 50%
Yes • 50%
Less than 25% • 25%
25% to 50% • 25%
51% to 75% • 25%
More than 75% • 25%
Significant growth • 25%
Decline • 25%
Moderate growth • 25%
No growth • 25%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
Decreased employment • 25%
Uncertain/Not disclosed • 25%
Increased employment • 25%
No change in employment • 25%
Other • 25%
Stellantis majority • 25%
CATL majority • 25%
50:50 joint venture • 25%
Yes • 50%
No • 50%
No increase • 25%
Increase by less than 5% • 25%
Increase by over 10% • 25%
Increase by 5-10% • 25%