CATL to supply Stellantis with battery cells, modules for EV production in Europe

Shanghai (Gasgoo)- Stellantis N.V. and CATL announced on November 21 the signing of a non-binding Memorandum of Understanding (MoU), which outlines CATL's commitment to supplying Stellantis with LFP battery cells and modules for the latter's electric vehicle (EV) production in Europe.

The collaboration aims to fortify Stellantis' electric mobility endeavors in Europe, with discussions underway about the potential establishment of a joint venture with equivalent contributions.

Photo credit: Stellantis

Built on this collaboration, the MoU delineates a long-term partnership between CATL and Stellantis, encompassing two strategic focus areas: defining an innovative technical roadmap to support Stellantis in the development of cutting-edge all-electric vehicles; actively exploring new cooperation opportunities to enhance the battery value chain.

"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 the industry leader in this sector and 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."

CATL's Chairman and General Manager, Robin Zeng (Zeng Yuqun), expressed enthusiasm about elevating the partnership to a new level, stating, "We are very pleased to elevate our cooperation with Stellantis to a new level. With Stellantis' time-honored 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. We will remain dedicated to delivering more competitive and sustainable solutions for our partners to promote global energy transition."

Stellantis said the LFP battery technology, known for its extended lifespan and high thermal stability, will aid it in delivering high-quality, durable, and cost-effective electric vehicles, spanning the B to C segment, including sedans, crossovers, and SUVs.

As outlined in the Dare Forward 2030 strategic plan, Stellantis has unveiled its commitment to achieving a fully electric car lineup, constituting 100% of passenger vehicle sales in Europe, and a combination of 50% passenger cars and light-duty trucks in the United States by 2030. In addition, Stellantis remains steadfast in its pursuit of becoming a carbon-neutral corporation by 2038.