CATL's overseas expansion has taken a significant step forward. Spain's Minister of Industry and Tourism, Jordi Hereu, announced on November 26 that construction has begun on a battery plant jointly established by Stellantis and CATL in northern Spain. Hereu described the facility as "Spain’s best contribution to European reindustrialization."

In December 2024, CATL and Stellantis announced a 50-50 joint venture to build a large-scale lithium iron phosphate (LFP) battery factory in Zaragoza, Spain, with an investment of up to €4.1 billion. The plant is scheduled to commence production by the end of 2026, with an annual capacity of 50 GWh.

This project follows a non-binding memorandum of understanding signed in November 2023, under which CATL agreed to supply LFP battery cells and modules to Stellantis in Europe to support its electric vehicle production.

The Zaragoza plant, designed to be fully carbon-neutral, will enhance Stellantis' competitive edge in LFP batteries for mid-range B- and C-segment electric cars, crossovers, and SUVs.

Meanwhile, CATL's energy storage business is rapidly expanding globally. In 2025 alone, the company has secured public orders totaling 47.6 GWh. Industry experts note that this surge reflects both CATL's global capacity strategy and rising demand for clean energy solutions.

According to SNE Research, CATL held a 36.5% global market share in energy storage battery shipments in 2024, maintaining its top position for four consecutive years. The company reported 93 GWh in energy storage system sales last year, generating ¥57.29 billion in revenue (15.83% of total revenue). Notably, its energy storage battery gross margin reached 26.84%, surpassing its power battery margin of 23.94%.

With accelerating global energy transitions and grid infrastructure demands, overseas energy storage growth remains strong in 2025. Multiple Chinese battery firms, including CATL, BYD, and REPT Battero, have announced major international orders this year.

CITIC Securities projects global new energy storage installations to grow 42.2% year-on-year in 2025 to 266 GWh, led by Asia-Pacific, Africa, and Latin America. Rho Motion data shows H1 2025 global battery storage deployments surged 54% YoY to 86.7 GWh, signaling an accelerated market expansion phase where Chinese leaders with cost and technological advantages are poised to capture greater international market share beyond EV batteries.