Dodge maker Stellantis and China's CATL team up to build $4.3 billion EV battery plant in Spain

Stellantis and CATL have announced plans to jointly build a 4.1 billion euro ($4.3 billion) lithium iron phosphate battery plant in Spain.

FirstFT: Qatar’s sovereign fund plans to deploy cash ‘aggressively’

Also in today’s newsletter, Microsoft poaches Google DeepMind staff, and court blocks The Onion’s purchase of Infowars
Financial Times - 18h
China's CATL forms joint venture with Stellantis to build electric vehicle battery factory in Spain

Chinese electric battery company CATL and automaker Stellantis say they will build a major battery factory in northern Spain
ABC News - 1d
Stellantis and CATL to invest €4.1 bn in joint Spanish battery plant

Yahoo News - 1d
Stellantis, CATL to Invest $4.3 Billion in Battery Plant in Spain

The companies said production is planned to start by end of 2026 and the plant could reach 50 gigawatt hours of capacity.
The Wall Street Journal - 1d
China’s CATL to build $4.3bn battery factory with Stellantis in European expansion

Deal for Spanish plant comes despite EU efforts to reduce reliance on Chinese technology
Financial Times - 1d
Tesla's November China EV Sales Drop 4.3% as BYD Hits New High

Yahoo News - Dec. 4
G.M. Will Sell Stake in EV Battery Plant to LG

LG Energy Solution will now solely own a factory in Michigan that it had planned to operate through a joint venture with General Motors.
The New York Times - Dec. 2

FirstFT: Qatar’s sovereign fund plans to deploy cash ‘aggressively’