Catl energy storage joint venture layout

Is CHC a joint venture with CATL & CFC?

The joint venture will operate under the brand name CHC Co. Limited. “We are pleased to further expand our partnership with CATL and CFC,” said Ahmed Al-Awa, Managing Director and Head of Asia Pacific, Hartree Partners.

What does CATL do?

CATL is a global leader in the development and manufacturing of lithium-ion batteries, with businesses covering R&D, manufacturing and sales in battery systems for new energy vehicles and energy storage systems.

How much will stellantis & CATL invest in a battery plant?

Stellantis and CATL will invest up to €4.1 billion, or around $4.25 billion, to build the large-scale European LFP battery plant. CATL is already dominating the global EV battery market. According to SNE Research, CATL accounted for 36.8% of the market through November 2024. Despite more competition, CATL is still growing.

What do we know about CATL's new battery plant?

Here’s what we know so far. At the World Economic Forum on Tuesday, CATL’s co-chairman, Pan Jian, said the company expects to partner with another automaker in Europe to open a new joint venture battery plant. According to local media Jiemian, the new facility will be in addition to the one announced in December with Stellantis.

How many EV battery plants does CATL have in Europe?

CATL already has two EV battery plants in Europe, one in Germany and the other in Hungary. Last month, it announced its third through a new partnership with Jeep maker Stellantis. The facility will produce LFP batteries for Stellantis in Spain. Production is expected to start by the end of 2026 and have an annual capacity of up to 50 GWh.

Is CATL a leader in the EV battery market?

CATL held a commanding lead in the EV battery market last year, accounting for over a third of global usage. The world’s largest EV battery maker expects to announce another big partnership for a new EV plant in Europe by the end of 2025. The new facility will be separate from the one announced last month with Stellantis.