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Chinese electric battery maker CATL and Stellantis to build battery factory in Spain

ABC News
Summary
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83% Informative

Chinese electric battery maker CATL and automaker Stellantis to build battery factory in Spain .

The partners said the plant will be located in Zaragoza and start producing lithium iron phosphate batteries by the end of 2026 .

The joint venture represents an investment of 4.1 billion euros ( $4.3 billion ) The plant plans to be carbon neutral, apparently by making use of Spain 's ample supplies of solar, wind and water power.

VR Score

88

Informative language

89

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60

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formal

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English

Language complexity

59

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short-lived

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1

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