Being the umbrella of more than one giant automobile manufacturer, Stellantisestablished a cooperation for the supply of electric vehicles in Europe.
The statement from the company on this important issue was as follows: “Stellantis is signing a new collaboration to support battery electric vehicle technology and the Dare Forward 2030 strategic plan to become a zero-carbon company by 2038. In this context, Stellantis is a leading battery manufacturer that offers high-level solutions and services for new energy applications worldwide. CATL signed an important Memorandum of Understanding with The MoU outlines a state-of-the-art roadmap and co-developing future battery value chain opportunities. Stellantis and CATL are evaluating the possibility of joint investment in the form of a joint venture with equal shares. Stellantis aims to utilize LFP (Lithium Ferro Phosphate) batteries to provide energy for electric vehicle production in Europe in support of its Dare Forward 2030 strategic plan.
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Stellantis continues its investments and efforts in electric vehicle transformation without slowing down. In this context, Stellantis signed an important strategic Memorandum of Understanding with CATL, the world’s leading battery manufacturer. Stellantis NV and CATL announced that they have signed a non-binding “Memorandum of Understanding” (MoU) for the local supply of LFP (Lithium Ferro Phosphate) battery cells and modules to power Stellantis’ electric vehicle production in Europe. The two companies are evaluating the possibility of establishing a joint venture with equal shares to further support Stellantis’ accelerating electrification strategy.
The Memorandum of Understanding signed between CATL and Stellantis outlines a long-term collaboration on two strategic fronts: creating an ambitious technology roadmap to support Stellantis’ high-tech battery electric vehicles and identifying opportunities to further strengthen the battery value chain.
Evaluating the Memorandum of Understanding Stellantis CEO Carlos Tavares, “The Memorandum of Understanding on LFP (Lithium Ferro Phosphate) battery chemistry that we have signed with CATL is another component of our long-term strategy to protect freedom of transport in the middle class in Europe. “CATL is the leader in this industry and, together with our iconic vehicle brands, will help us achieve our net zero carbon target by 2038 by offering innovative and accessible battery technology to our customers.”
CATL Chairman and General Manager Robin Zeng about the process, “We are delighted to take our collaboration with Stellantis to a new level. With Stellantis’ deep-rooted history in automobile manufacturing and CATL’s advanced battery technology, we believe that the partnership will be a decisive step in both parties’ carbon neutrality goals. “We will continue to dedicate ourselves to providing our partners with more competitive and sustainable solutions to promote the global energy transition.” he said.
Additionally, the following was also reported: “LFP technology, with its long service life and high thermal efficiency, stands out as a technology that can enable Stellantis to offer quality, durable and affordable electric vehicles in the passenger car, crossover and SUV segments in the B and C segments.
Under its Dare Forward 2030 strategic plan, the company aims to reach 100 percent of battery electric passenger car sales in Europe and 50 percent of battery electric passenger car and light commercial vehicle sales in the United States. Sellantis is on track to become a zero-carbon company by 2038. Stellantis is establishing a series of partnerships to ensure a stable, low-carbon supply of base materials for the electric future.”