Follow us

© 2024 by Capybara Technologies

CATL to unveil new European EV battery plant in 2025 with local automaker, Vice Chairman says

2 min to read
Jan 21, 2025 11:17 AM CET
Jiri Opletal
CATL's booth at Beijing Auto Show 2024 showcasing LFP Shenxing battery. Credit: CarNewsChina

On Tuesday, CATL’s Vice Chairman Pan Jian announced at the World Economic Forum in Davos that CATL will unveil a new EV battery plant joint venture in Europe with a local automaker.

“We expect to announce new joint venture factory projects with other OEMs in Europe this year,” Pan said, according to Interface News. No more details on the upcoming plant were disclosed.

In December 2024, CATL announced a joint venture EV battery plant with Stellantis in Spain. Both companies will invest 4.1 billion EUR into a new plant that will produce lithium iron phosphate (LFP) batteries for vehicles from the Stellantis group. The plant’s annual production is up to 50 GWh of battery capacity.

CATL currently has three battery projects in the European Union (EU), including the one in Spain. The other two are battery plants in Germany and another in Hungary, both already in operation, according to CATL.

“The uncertainty of the US market makes the European market so important for not only Chinese EV makers but battery manufacturers as well,” says Tu Le, managing director of Sino Auto Insights. “Especially as the risk of a slowdown in the China market in 2025 looms large,” Le adds.

CATL is the largest battery maker in China and globally. The company installed 246.01 GWh of batteries in China in 2024, up 47.2% from 2023. CATL has a 45.5% market share in China, according to data monitored by China EV DataTracker.

Market Share of Top 10 EV Battery Makers in China in 2024. Credit: China EV DataTracker

Editor’s comment

Pan did not hint at which European automaker it might be, so we can only guess. There are a few options: Renault or one of the German trio Mercedes-Benz, BMW, and Volkswagen. In April last year, CATL became the world’s first battery manufacturer to receive certification from Volkswagen for module testing, so my wild guess is that it might be VW.

Recommended for you
Avatr 06 spotted in China, set for 2025 Q2 launch
CATL Qilin Battery
CATL claimed 45.2% of power battery market in China, BYD claimed 25.1% in 2024
MG-maker SAIC will make EVs with CATL’s battery swap solution
MG-maker SAIC will make EVs with CATL’s battery swap solution
Follow us for ev updates
CATL
Comments