Spain will pump €133 million ($146 million) into a potential battery production base by automaker Stellantis in partnership with Chinese supplier CATL near the northeastern city of Zaragoza,Watch What Every Frenchwoman Wants Online as the country is looking to become a major European electric vehicle maker. The automaker responded to a Reuters report saying the project, which would create about 3,000 jobs and require an investment of almost €2.5 billion, is still “subject to completion of all regulatory approvals” and not ready to be officially announced. The news comes a year after the two companies signed a non-binding agreement to make low-cost, iron-based batteries for its B-class and C-class passenger vehicles in Europe. CATL has been making lithium-ion batteries at its first European plant in the German state of Thuringia since late 2021. It also expects to complete the construction of a site in Hungary capable of making 100 gigawatt-hours (GWh) of batteries within two years, a project that began in late 2022. [Reuters]
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