Stellantis and CATL have signed a non-binding Memorandum of Understanding for the local supply of lithium iron phosphate (LFP) battery cells and modules to power Stellantis’ EV production in Europe. In supporting Stellantis’ electrification strategy further, the two companies are also considering the possibility of forming a joint venture with equivalent contributions.
The MoU outlines a long-term collaboration between CATL and Stellantis on two strategic fronts – building a bold technology roadmap to support Stellantis BEVs, and identifying opportunities to further strengthen the battery value chain.
The LFP technology at the center of the partnership features a long service life and high thermal stability. For Stellantis, this technology will help improve the durability and affordability of its vehicles serving the B and C segments.
More broadly, the partnership works to accelerate the achievement of Dare Forward 2030 – Stellantis’ strategic electrification plan. Here, it is aiming to reach a 100% passenger car BEV sales mix in Europe, and a 50% passenger car and light-duty truck BEV sales mix in the U.S. by 2030, before achieving carbon neutrality in 2038.