From the South China Morning Post, December 11:
Joint venture received support from the Spanish government, which abstained in the EU’s October vote to impose extra tariffs on Chinese-made EVs
China’s Contemporary Amperex Technology (CATL), the largest maker of batteries for electric vehicles (EVs), is building its third plant in Europe through a joint venture with Fiat owner Stellantis, stepping up its overseas expansion to overcome higher tariffs.The parties have agreed to spend €4.1 billion (US$4.3 billion) to build the factory in Zaragoza in northeastern Spain with a capacity to produce 50 gigawatt-hours (GWh) of batteries annually, according to a statement. One GWh can supply to 13,000 EVs with a driving range of 500km.
The first phase of the new factory will be operational in 2026, adding to its existing facilities in Germany and Hungary. The joint venture was made public two months after the European Union (EU) voted to impose additional tariffs of up to 35 per cent on Chinese-built pure electric cars after an anti-subsidy probe. CATL counts Tesla and BMW among its major customers....
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