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gigafactory","stellantis-secures-e133-million-from-spain-for-potential-gigafactory","article/stellantis-secures-e133-million-from-spain-for-potential-gigafactory",{"_uid":547,"date":548,"tags":549,"editor":562,"content":572,"excerpt":624,"featured":51,"reporter":625,"_editable":629,"component":630,"seo_title":543,"categories":631,"visibility":638,"author_company":49,"featured_image":639,"seo_description":624,"author_full_name":49,"author_job_title":49,"formattedDate":644,"formattedArticleDate":645},"dd7adf0c-f39c-43eb-9a9a-03a13a995ae1","2024-10-11 00:00",[550,553,556,559],{"slug":551,"name":552},"catl","CATL",{"slug":554,"name":555},"europe","Europe",{"slug":557,"name":558},"spain","Spain",{"slug":560,"name":561},"stellantis","Stellantis",[563],{"slug":564,"name":565,"content":566},"matthew-bird","Matthew Bird",{"job_title":567,"image":568,"bio":570,"linkedin":571},"Senior Editor - Supply Chains & Data Visualisation",{"filename":569},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":573,"content":574},"doc",[575,582,587,592,597,602,609,614,619],{"type":576,"attrs":577,"content":578},"paragraph",{"textAlign":49},[579],{"text":580,"type":581},"Spain has granted Stellantis a €133 million ($146 million) subsidy for its potential gigafactory in the north east of the country. The Spanish government hopes the support will convince the automaker to confirm its project.","text",{"type":576,"attrs":583,"content":584},{"textAlign":49},[585],{"text":586,"type":581},"The grant leverages European Union (EU) pandemic relief funds to support the country’s EV and battery industry.",{"type":576,"attrs":588,"content":589},{"textAlign":49},[590],{"text":591,"type":581},"Stellantis has now received close to €300 million ($328 million) from the Spanish government, according to the industry ministry.",{"type":576,"attrs":593,"content":594},{"textAlign":49},[595],{"text":596,"type":581},"Spain has also agreed €152 million ($166 million) for Volkswagen Group’s PowerCo gigafactory. The company has already confirmed the location as Sagunto on Spain’s east coast.",{"type":576,"attrs":598,"content":599},{"textAlign":49},[600],{"text":601,"type":581},"“Spain lags behind other European countries in terms of battery capacity. The Spanish government allocating subsidies for both Stellantis and VW’s plant in Sagunto affirms its commitment to establishing itself as a cell manufacturing hub, striving to attract future investment from cell makers,” said Anya Sidhu, an analyst at Benchmark.",{"type":603,"attrs":604,"content":606},"heading",{"level":605,"textAlign":49},4,[607],{"text":608,"type":581},"Stellantis’ activity in Europe",{"type":603,"attrs":610,"content":611},{"level":605,"textAlign":49},[612],{"text":613,"type":581},"Why has Stellantis opted for LFP?",{"type":576,"attrs":615,"content":616},{"textAlign":49},[617],{"text":618,"type":581},"Back in November 2023, Stellantis announced a Memorandum of Understanding (MoU) with Chinese battery maker CATL. The MoU states the joint venture plans to produce LFP cells for Stellantis’ electric vehicle production in Europe.",{"type":576,"attrs":620,"content":621},{"textAlign":49},[622],{"text":623,"type":581},"“Cell manufacturers are increasing their LFP capacity in order to compete with the low-cost cells produced in China and meet growing European demand for the chemistry,” said Sidhu.","Spain has granted Stellantis a €133 million ($146 million) subsidy for its potential gigafactory in the north east of the country. The Spanish government hopes the support will convince the automaker to confirm its project. The grant leverages European Union (EU) pandemic relief funds to support the country’s EV and battery industry. Stellantis has now […]",[626],{"slug":564,"name":565,"content":627},{"job_title":567,"image":628,"bio":570,"linkedin":571},{"filename":569},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"dd7adf0c-f39c-43eb-9a9a-03a13a995ae1\", \"id\": \"\"}-->","article",[632,635],{"slug":633,"name":634},"batteries","Batteries",{"slug":636,"name":637},"gigafactories","Battery & Gigafactory","private",{"id":49,"alt":640,"name":640,"focus":640,"title":640,"source":640,"filename":641,"copyright":640,"fieldtype":642,"meta_data":643,"is_external_url":51},"","https://a.storyblok.com/f/287943243085208/701c1264b7/bm-spain-subsidises-stellantis-gigafactory-13257743b4cd.jpg","asset",{"alt":640,"title":640,"source":640,"copyright":640},"Oct 11, 2024","11th October 2024",[],[],1785236470412]