Stellantis and CATL to form a €4.1bn joint venture.

Stellantis, a multinational automotive manufacturing company, and CATL, a provider of solutions and services for new energy applications worldwide, agreed to form a €4.1bn joint venture. “The joint venture has taken our cooperation with Stellantis to new heights, and I believe our cutting-edge battery technology and outstanding operation knowhow combined with Stellantis’ decades-long experience in running business locally in Zaragoza will ensure a major success story in the industry. CATL’s goal is to make zero-carbon technology accessible across the globe, and we look forward to cooperating with our partners globally through more innovative cooperation models,” Robin Zeng, CATL Chairman and CEO.