China’s CATL to build US$4.3 billion EV battery plant in Spain with Fiat owner Stellantis

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 […]