BEIJING (Reuters) – Chinese electric vehicle giant CATL has plans to set up a battery joint venture with Stellantis in Spain, according to a CATL stock filing on Tuesday.
The JV in Spain’s Zaragoza is estimated to have investment totalling 4.04 billion euros ($4.26 billion).
($1 = 0.9480 euros)
(Reporting by Beijing newsroom; Editing by Himani Sarkar)
