The Chinese battery materials manufacturer Hunan Yuneng can begin construction on its planned Cato II cathode factory in Mérida, Spain. The final building permit was granted by the city council. According to the city, a land transfer agreement was subsequently signed.
The plant will be built in the Expacio Mérida industrial park, covering 54,800 square meters. The city estimates the project’s total potential investment to be between 600 and 800 million euros over the coming years. Once completed, the plant is expected to have the capacity to produce up to 300,000 tons of cathode material per year. The city estimates that the project could create around 500 direct jobs. During the construction phase, up to 200 jobs are expected at peak times.
The company first announced the Spain project in April 2024, planning for an annual capacity of 50,000 tons. This initial plan envisioned the production of LFP cathode material. At that time, the investment was estimated to be 982 million yuan (approximately 125 million euros). Construction was expected to take about 15 months after obtaining the necessary permits.
Sources:
https://merida.es/el-ayuntamiento-concede-la-licencia-definitiva-para-el-mega-proyecto-de-la-fabrica-de-catodos/
https://static.cninfo.com.cn/finalpage/2024-04-20/1219702297.PDF
