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China’s CATL, Stellantis Confirm $4.3bn EV Battery Plant in Spain

The companies, which have set up a 50/50 joint venture, said they will invest $4.33 billion in a factory in Zaragoza. They expect to start making batteries by the end of 2026.

China Deploys Biggest Naval Fleet in 30 Years, Taiwan Warns
South Korea Left Without a Leader as Crucial Trump Tariffs Loom

The AF Big Picture

ASML in the Centre of the Chip War

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors