On December 10, CATL and Stellantis jointly announced that the two sides have reached an agreement to invest up to 4.1 billion euros (about 31.32 billion yuan) to set up a joint venture to build a large-scale lithium iron phosphate battery plant in Zaragoza, Spain.

photo from：STCN

It is reported that the annual output of the plant can be up to 50GWh power battery, product target customers for Stellantis, the total construction period is expected to be 4 years. Public information shows that the Stellantis Group was merged by Fiat Chrysler Automobiles and Peugeot Citroen Group in 2021, which is the fourth largest automobile manufacturer in the world.

Up to now, CATL Power has cooperated with BMW, Daimler, Stellantis, VW, Ford, Hyundai, Honda, Volvo and other overseas car companies in terms of batteries; on the domestic front, CATL has cooperated with SAIC, Geely, Azure, Ideal, Yutong, Xiaomi, BAIC and other car companies.

It is noteworthy that on the same day, CATL released several announcements, including the announcement of the 2024 special dividend program. According to the announcement, CATL intends to distribute 15% of the net profit attributable to shareholders of the listed company in the consolidated statement of accounts for the first three quarters of 2024, i.e., 5.4 billion yuan, as the total amount of distribution for dividends, which translates into a cash dividend of 12.30 yuan per 10 shares to all shareholders (including tax).

As of the close of trading on December 10, CATL shares per share at 270.57 yuan / share, closing up 0.94% on the day.

Source: Daily Economic News