On November 26, the Ningde Times and Stellantis joint venture lithium iron phosphate battery factory officially broke ground. Located in Zaragoza, Spain, with a total investment of 4.1 billion euros, the project is expected to be completed in March 2028 with an annual capacity of 50 GWh. In December
2024, Ningde Times and Stellantis Group jointly announced that they would each hold 50% of the shares to establish a joint venture to build a large lithium iron phosphate battery factory in Zaragoza, Spain, with an investment of up to 4.1 billion euros.
It is worth noting that the pace of energy storage business going to sea in Ningde era is getting bigger and bigger. According to incomplete statistics, since 2025, the total amount of open energy storage orders in Ningde era has reached 47.6G Wh.
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