CATL, the world’s largest electric vehicle (EV) battery maker, revealed plans to announce a new joint venture for an EV battery plant in Europe with a local automaker. The announcement was made by Vice Chairman Pan Jian during the World Economic Forum in Davos on Tuesday.
“We expect to announce new joint venture factory projects with other OEMs in Europe this year,” Pan said, according to Interface News. While the details of the new plant, including its location and partners, remain undisclosed, the announcement underscores CATL’s ongoing efforts to expand its presence in the European market.
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In December 2024, CATL entered into a joint venture with Stellantis to build an EV battery plant in Spain. The facility, which will focus on producing lithium iron phosphate (LFP) batteries, is expected to have an annual capacity of up to 50 GWh. The two companies will invest a combined total of 4.1 billion EUR into the project.
CATL also operates two other battery plants in the European Union. Its German plant, located in Thuringia, and its Hungarian plant, situated in an industrial park south of Debrecen, are both already in operation.
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These facilities, along with the upcoming Spanish plant, represent a significant expansion of CATL’s manufacturing footprint in Europe.