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Stellantis and CATL Sign Agreement for Local Supply of LFP Batteries in Europe

December 02, 2023

Stellantis and CATL have announced the signing of a non-binding Memorandum of Understanding (MoU) for the local supply of LFP battery cells and modules to power Stellantis’ electric vehicle production in Europe. The two companies are also considering the formation of a joint venture with equivalent contributions to further support Stellantis’ electrification strategy.

The MoU outlines a long-term collaboration between CATL and Stellantis, focusing on the development of a technology roadmap to support Stellantis’ battery electric vehicles and identifying opportunities to strengthen the battery value chain.

LFP technology, known for its long service life and high thermal stability, will enable Stellantis to offer high-quality, durable, and affordable electric vehicles in passenger cars, crossovers and SUVs in the B and C segments.

“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,” said Stellantis CEO Carlos Tavares. “CATL is a key player in this sector and together with our 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, also expressed his enthusiasm for the partnership. “We are very pleased to elevate our cooperation with Stellantis to a new level. 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,” said Zeng. “We will remain dedicated to delivering more competitive and sustainable solutions for our partners to promote global energy transition.”

As part of the Dare Forward 2030 strategic plan, Stellantis announced plans of reaching a 100% passenger car battery electric vehicle (BEV) sales mix in Europe and a 50% passenger car and light-duty truck BEV sales mix in the United States by 2030. Stellantis is on track to become a carbon net zero corporation by 2038. Stellantis is assembling a roster of partnerships to ensure a stable, low-carbon supply of key materials for its electrified future.