Stellantis Powers Ahead: In a significant move towards advancing its electric vehicle (EV) production in Europe, automaker Stellantis and Chinese EV battery powerhouse CATL have inked a preliminary agreement. This collaboration aims to secure the supply of battery cells and modules for Stellantis’ EV lineup, which includes well-known brands such as Jeep, Peugeot, Fiat, and Alfa Romeo.
The joint statement released on Tuesday also hinted at the potential establishment of a 50-50 joint venture, underlining both companies’ commitment to supporting Stellantis’ electrification strategy. While financial details of the agreement were not disclosed, CATL is set to supply Stellantis with lithium iron phosphate (LFP) batteries. This strategic choice is expected to enable Stellantis to offer high-quality, durable, and affordable electric vehicles across various segments, including passenger cars, crossovers, and small to medium-sized SUVs.
Stellantis CEO Carlos Tavares expressed optimism about the collaboration, highlighting the memorandum of understanding (MoU) as a crucial step in their long-term strategy. He emphasized that the adoption of LFP battery chemistry aligns with their commitment to ensuring the freedom of mobility for the European middle class.
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CATL Chairman and General Manager Robin Zeng echoed this sentiment, stating that the partnership represents a decisive move for both entities in achieving their carbon neutrality goals. The MoU outlines a comprehensive collaboration between Stellantis and CATL, extending to the identification of opportunities to strengthen the battery value chain.
As part of its broader EV strategy, Stellantis is actively constructing three gigafactories in Europelocated in France, Germany, and Italythrough its ACC joint venture with Mercedes and TotalEnergies. These facilities are poised to play a crucial role in meeting the growing demand for electric vehicles in the region.
Since the merger of Fiat Chrysler and Peugeot maker PSA in early 2021, forming Stellantis, the automaker has been securing various supply agreements to ensure a steady flow of materials for its global EV production. This latest collaboration with CATL signifies a key milestone in Stellantis’ journey towards a more sustainable and electric future.
Our Reader’s Queries
What is the future of Stellantis?
The Dare Forward 2030 strategic plan is a comprehensive effort by the company to achieve several goals. These include reducing net CO2 emissions by 50% from 2021 levels, achieving 100% BEVs in the sales mix in Europe by 2030, and having 50% BEV cars and light commercial vehicles in the United States. Additionally, the plan aims to double revenues compared to 2021 and establish the company as a leader in its industry.
Is Chrysler going all electric?
Chrysler is embarking on a new journey with the launch of its inaugural all-electric vehicle in 2025. The brand’s Chief Designer, Ralph Gilles, has hinted that this EV will steer Chrysler towards uncharted territories. This move marks a significant shift for the automaker, as it embraces the future of sustainable transportation. Stay tuned for more updates on Chrysler’s electrifying debut.
What does Stellantis make in Kokomo Indiana?
Stellantis, the manufacturer of Jeep, has announced plans to construct a new electric vehicle battery factory in Kokomo, Indiana. The joint venture with South Korea’s Samsung SDI will cost $3.2 billion and is expected to commence production in early 2027. The new facility will generate 1,400 new jobs, providing a significant boost to the local economy.
What are the Stellantis plans for North America?
Stellantis has unveiled its ambitious Dare Forward 2030 strategic plan, which includes a pledge to achieve 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. This move is a significant step towards a more sustainable future, and Stellantis is committed to leading the way in the automotive industry. With this bold plan, Stellantis is set to revolutionize the way we think about transportation and pave the way for a cleaner, greener future.