1,700 Chinese Workers to Arrive at Stellantis-CATL Battery Plant in Spain
Stellantis and Chinese battery manufacturer CATL are expected to bring up to 1,700 Chinese workers to their jointly built battery factory in Spain. While the plan initially called for an average of 1,000 Chinese workers at the site, the start of production has been delayed to the first months of 2027.
The facility, being built under the joint venture in Spain, aims to boost Europe's electric vehicle battery production capacity. Stellantis intends to strengthen its battery supply chain in Europe through this investment.
The arrival of Chinese workers has sparked debates over local employment and labor dynamics. Company officials have stated that this is a temporary measure and that the number of Chinese employees will decrease once local workers are trained.
Once the factory reaches full capacity, annual battery production volume is expected to increase significantly. Stellantis aims to contribute to Europe's electric vehicle transition with this investment.
This is not investment advice.
📊 STLA — Piyasa Yorumu
▼ down · 60%While the news suggests that Stellantis' plan to bring in Chinese workers could provide cost advantages, it may lead to investor concerns in the short term over geopolitical risks and local labor backlash. Technical indicators are already weak: RSI at 44 is near the sell zone, MACD is below the signal line, and the price is below both the 20-day and 50-day moving averages. The 1.8% decline in the last close confirms the current negative momentum. Therefore, downward pressure is expected to persist in the near term.
RSI 14
44.0
MACD
-0.03
24h Δ
-1.81%
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