CATL is expected to unveil a new joint venture factory project with other automakers in Europe this year, after announcing in December that it would set up a joint venture power battery plant with Stellantis in Spain. 

The Chinese battery giant’s co-chairman Pan Jian said this today at the annual World Economic Forum in Davos, Switzerland, according to a brief report in local media Jiemian today.

Including the Spanish joint venture project, CATL has three battery factories in Europe, Pan noted, according to the brief report, which did not say more. 

The plant — CATL’s third in Europe — would have an annual capacity of up to 50 GWh and will target Stellantis, according to CATL’s announcement. Current facilities in Thuringia, Germany, and an industrial park in Hungary have further established CATL’s footprint in the European market.

CATL’s EV battery installations in January-November 2024 were 289.3 GWh, up 28.6 percent from 225.0 GWh in the same period in 2023, according to data released earlier this month by South Korean market researcher SNE Research.

The Chinese power battery giant continued to rank first in the world with a 36.8 percent share and remained the only battery supplier in the world with a market share of more than 30 percent.

For the full year 2024, CATL ranked first by power battery installations in China with 246.01 GWh and a 45.08 percent share, according to the China Automotive Battery Innovation Alliance (CABIA).

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CnEVPost