Stellantis N.V. and China’s CATL havde announced the signing of a non-binding Memorandum of Understanding (MoU) for the local supply of LFP battery cells and modules to power Stellantis’ electric vehicle (EV) production in Europe. The two companies are also considering the possibility to form a joint venture (JV) with equivalent contributions.
Featuring a long service life and high thermal stability, LFP technology can enable Stellantis to offer high-quality, durable, and affordable EVs in passenger cars, crossovers and SUVs in the B and C segments.
The auto manufacturer is assembling a roster of partnerships to ensure a stable, low-carbon supply of key materials for its electrified future.
Stellantis CEO, Carlos Tavares, says: “This MoU with CATL on LFP battery chemistry is another ingredient in our long-term strategy to protect freedom of mobility for the European middle class. CATL is the industry leader in this sector and together with our iconic vehicle brands, we will bring innovative and accessible battery technology to our customers while helping us achieve our carbon net zero ambition by 2038.”
Robin Zeng, Chairman and General Manager of CATL, adds: “We are very pleased to elevate our cooperation with Stellantis to a new level. With Stellantis’ time-honored expertise in car manufacturing and CATL’s advanced battery technology, we believe the partnership will be a decisive step on both parties’ journey towards carbon neutrality goals. We will remain dedicated to delivering more competitive and sustainable solutions for our partners to promote global energy transition.”
Stellantis has announced plans of reaching a 100% passenger car battery electric vehicle (BEV) sales mix in Europe and a 50% passenger car and light-duty truck BEV sales mix in the United States by 2030.