Stellantis N.V. and Contemporary Amperex Technology (CATL) have forged a pivotal Memorandum of Understanding (MoU), significantly impacting the electric vehicle (EV) landscape in Europe. This agreement centers on the supply of Lithium Iron Phosphate (LFP) battery cells and modules, essential for powering Stellantis’ EVs across the continent. Beyond supply, the MoU lays the groundwork for a potential joint venture, symbolizing a balanced collaboration between the two industry giants.
This partnership is anchored in two critical areas. The initial one is to develop a comprehensive technology roadmap tailored to enhance Stellantis’ range of advanced battery electric vehicles; and the second, identify avenues to reinforce the broader battery value chain.
Carlos Tavares, CEO of Stellantis, highlights the strategic importance of this alliance. “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.”
Echoing this commitment, Robin Zeng, Chairman and General Manager of CATL, recognizes the partnership’s significance for broader environmental goals. “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.”
Renowned for their extended life span and superior thermal stability, LFP batteries are poised to empower Stellantis in offering a range of high-quality, yet affordable, electric vehicles. This includes diverse models such as passenger cars, crossovers, and SUVs, especially in the B and C segments.
Under its ‘Dare Forward 2030’ plan, Stellantis aims for a 100% battery electric vehicle sales mix for passenger cars in Europe and a 50% mix in the United States by 2030. Progressing towards carbon net-zero status by 2038, Stellantis is forming strategic partnerships to ensure a stable, sustainable supply of critical materials for its electrified future.
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