On the evening of December 10th, CATL announced that CATL and Stellantis plan to jointly establish a joint venture company in Spain, with each party holding 50% of the shares. The joint venture company will be the main body to build a joint venture battery factory in Zaragoza, Aragon Autonomous Region, Spain, with an estimated total investment of 4.038 billion euros.
It is reported that the factory can produce up to 50GWh of power batteries annually, with Stellantis as the target customer. The total construction period is expected to be 4 years. According to public information, Stellantis Group was formed by the merger of Fiat Chrysler Automobiles and Peugeot Citroen in 2021, making it the fourth largest automaker in the world.
As of now, CATL has cooperated with overseas car companies such as BMW, Daimler, Stellantis, VW, Ford, Hyundai, Honda, and Volvo in the field of batteries; Domestically, CATL has already started cooperation with car companies such as SAIC, Geely, NIO, Ideal, Yutong, Xiaomi, and BAIC.
It is worth noting that on the same day, CATL released multiple announcements, including the announcement of the special dividend plan for 2024. According to the announcement, CATL plans to distribute dividends based on 15% of the net profit attributable to shareholders of the listed company in the consolidated financial statements for the first three quarters of 2024, which is 5.4 billion yuan, equivalent to a cash dividend of 12.30 yuan (including tax) for every 10 shares distributed to all shareholders.
As of the close of December 10th, the stock price of CATL was reported at 270.57 yuan per share, with a 0.94% increase at the close of the day.