The Stellantis group has signed a supply agreement with CATL for LFP batteries. The two parties are also considering the creation of a joint venture dedicated to these batteries.
Stellantis announced the signing of “a non-binding agreement” with the Chinese giant CATL for the supply of LFP battery cells and modules, which will supply the group’s European production.
In the press release which formalizes the agreement, it is indicated that the memorandum of understanding provides for long-term collaboration around two strategic axes: “on the one hand the development of a bold technological roadmap to support the marketing of Stellantis’ electric vehicles, and on the other hand the identification of new opportunities to strengthen the battery value chain”. Stellantis and CATL say they are studying the possibility of creating a 50/50 joint venture dedicated to the production of LFPs.
According to Carlos Tavares, head of Stellantis, “this memorandum of understanding with CATL on the chemistry of LFP batteries is a new key element of our long-term strategy, the ambition of which is to preserve the freedom of movement of the middle classes European”. LFP technology is in fact less expensive and makes it possible to lower the price of electric cars.
We find it for example on the new electric Citroën C3, which is displayed at a fantastic starting price, €23,300 excluding bonus, with 320 km of autonomy (the C3 has a Svolt battery). The group indicates that CATL batteries will be used for category B and C models. It also highlights “the long lifespan and excellent thermal stability” of LFP batteries.
Stellantis aims to make 100% of its European sales with electric cars by 2030.
Stellantis: other low-cost electric cars based on the Citroën ë-C3?
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