Earlier this week, on Tuesday, November 25, 2025, a joint venture between CATL from the Chinese mainland and multinational automaker Stellantis broke ground on one of Spain's most ambitious green-energy projects in recent years.
Located in Aragon's Figueruelas industrial zone, the new facility represents a €4.1 billion investment and will run entirely on renewable energy. By the end of 2026, it's set to produce up to 50 GWh of lithium iron phosphate (LFP) batteries annually—enough to power hundreds of thousands of electric vehicles across Europe.
“This groundbreaking marks a strategic milestone in Spain's shift to new energy and industrial modernization,” said Jordi Hereu, Spain's Minister of Industry, Trade and Tourism. He highlighted the strong confidence between Spanish and Chinese mainland partners and Spain's growing role in Europe's electrification push.
For Aragon, the plant builds on a legacy of automotive expertise. “While some factories elsewhere in Europe are closing, Aragon is opening a new cycle of growth,” noted regional president Jorge Azcon. The region already hosts over 300 suppliers linked to the existing Stellantis factory in Figueruelas.
Wu Qi, CEO of Contemporary Star Energy—the venture behind the project—stressed that years of collaboration and a shared vision laid the groundwork for this moment. “This plant will bring long-term industrial opportunities, bolster local development, and deepen our collaboration on clean energy and technology,” Wu said.
In a symbolic gesture, representatives from Spain and the Chinese mainland sealed copies of Spain's Heraldo de Aragon and the Chinese mainland's People's Daily into a time capsule at the site entrance—an emblem of their long-term commitment to the project's future.
As the world races to decarbonize transport, this €4.1 billion plant not only strengthens Spain's position in the global EV supply chain but also showcases how cross-border partnerships can power the next wave of sustainable innovation.
Reference(s):
cgtn.com
