CATL, the leading Chinese battery manufacturer, has signed a non-binding Memorandum of Understanding (MoU) with Stellantis, outlining their commitment to supplying Stellantis with LFP battery cells and modules for electric vehicle (EV) production in Europe. The collaboration aims to strengthen Stellantis’ electric mobility efforts in Europe, with discussions ongoing about the potential establishment of a joint venture. The MoU establishes a long-term partnership between CATL and Stellantis, focusing on defining an innovative technical roadmap for the development of cutting-edge all-electric vehicles and exploring new cooperation opportunities to enhance the battery value chain.
Stellantis CEO Carlos Tavares expressed his excitement about the partnership, stating that the collaboration with CATL on LFP battery chemistry is another step in their long-term strategy to protect freedom of mobility for the European middle class. Tavares believes that CATL’s industry-leading position, combined with Stellantis’ expertise in car manufacturing, will bring innovative and accessible battery technology to customers while helping the company achieve its carbon net-zero ambition by 2038.
CATL’s Chairman and General Manager, Robin Zeng, also expressed enthusiasm about the partnership, stating that they are pleased to elevate their cooperation with Stellantis to a new level. Zeng believes that the partnership will be a decisive step for both parties in their journey towards carbon neutrality goals. CATL is committed to delivering more competitive and sustainable solutions to promote global energy transition.
Stellantis plans to utilize the LFP battery technology provided by CATL to deliver high-quality, durable, and cost-effective electric vehicles across various segments, including sedans, crossovers, and SUVs. The company has set ambitious goals for its electric vehicle lineup, aiming for 100% of passenger vehicle sales in Europe to be fully electric by 2030 and a combination of 50% passenger cars and light-duty trucks in the United States to be electric by the same year. Stellantis also aims to become a carbon-neutral corporation by 2038.
The collaboration between CATL and Stellantis represents a significant step towards the advancement of electric mobility in Europe. With CATL’s advanced battery technology and Stellantis’ expertise in car manufacturing, the partnership has the potential to drive innovation and accelerate the transition to a sustainable future.
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