Takeaways

• Stellantis and CATL have joined forces to invest up to Eur 4.1 billion in an LFP greenfield battery plant in Spain.
• Western OEMs face the critical choice of which battery type to use and whether to develop batteries in-house or through collaboration with other companies.
• Top Chinese battery manufacturers achieve super-low costs through several key strategies that give them a cost advantage, particularly as price competition intensifies and puts pressure on profit margins.
• The passenger EV segment, average battery...