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According to the agreement, Contemporary Amperex Technology Co., Limited and Stellantis plan to jointly set up a joint venture company in Spain, with each party holding 50% of the shares, and build a joint venture battery factory in Zaragoza, Aragon Autonomous Region, Spain. The estimated total investment of the battery factory is 4.038 billion euros (about 30.9 billion yuan).Recently, the process of internationalization has gone further.It was announced on December 10th, 2024 that in order to further deepen the long-term strategic cooperative relationship between the company and Stellantis N.V ("Stellantis" for short) and support Stellantis' strategic goals of electric vehicle production and electrification, Contemporary Amperex Technology Co., Limited and its subsidiaries signed a joint venture agreement with Stellantis' subsidiaries and other four parties.

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Institutions are controlling the rhythm.According to the agreement, Contemporary Amperex Technology Co., Limited and Stellantis plan to jointly set up a joint venture company in Spain, with each party holding 50% of the shares, and build a joint venture battery factory in Zaragoza, Aragon Autonomous Region, Spain. The estimated total investment of the battery factory is 4.038 billion euros (about 30.9 billion yuan).