Stellantis N.V. and CATL, a battery manufacturer, have announced their intention to collaborate on the local supply of battery cells and modules for Stellantis’ electric vehicle production in Europe. The two companies signed a non-binding memorandum of understanding and are considering a joint venture to support Stellantis’ electric vehicle strategy.
The memorandum outlines a long-term partnership focusing on developing technology for Stellantis’ electric vehicles and exploring opportunities to enhance the battery value chain. Stellantis CEO Carlos Tavares emphasized the significance of the agreement for the company’s strategy.
“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,” Tavares said. “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, expressed enthusiasm for the partnership’s potential.
“With Stellantis’ 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,” Zeng said. “We will remain dedicated to delivering more competitive and sustainable solutions for our partners to promote global energy transition.”
The partnership will focus on lithium iron phosphate (LFP) technology, known for its long service life and high thermal stability, Stellantis said. This technology is expected to enable Stellantis to produce high-quality, durable and affordable electric vehicles, including passenger cars, crossovers and SUVs in the B and C segments.
As part of its Dare Forward 2030 strategic plan, Stellantis aims to achieve a 100% passenger car battery electric vehicle sales mix in Europe and a 50% mix in the United States by 2030. The company is also working towards becoming a carbon net zero corporation by 2038, and the partnership with CATL is a step towards this goal. Stellantis said it is forming various partnerships to secure a stable, low-carbon supply of essential materials for its electrified future.
