Stellantis partners CATL for sourcing LFP batteries in Europe, potential JV on the cards too
European carmaker Stellantis has signed a non-binding Memorandum of Understanding (MoU) for the local supply of LFP battery cells and modules to power its electric vehicle production in Europe.
To further support Stellantis’ aggressive electrification strategy, the two companies are considering the possibility of forming a joint venture (JV) with equivalent contributions. The MoU outlines a long-term collaboration between the partners on two strategic fronts: building a bold technology roadmap to support Stellantis’ battery electric vehicles and identifying opportunities to further strengthen the battery value chain.
