European automotive group Stellantis and China’s largest battery manufacturer CATL have signed a Memorandum of Understanding (MoU) for the local supply of LFP battery cells and modules. The agreement is going to support Stellantis’ electric vehicle production in Europe and will include the development of a technology roadmap and strengthen the battery value chain.
Joint venture could be in the making
Stellantis plans to offer CATL’s LFP cells in passenger cars, crossovers, and SUVs in the B and C segments. Under the MoU, the companies are also considering forming a joint venture with equal contributions, although no further details have been disclosed at this time.
Stellantis defining BEV plans for 2030
The collaboration is part of Stellantis’ “Dare Forward 2030” strategic plan. The company aims to achieve a 100% sales share of battery electric vehicles (BEV) in passenger cars in Europe and a 50% BEV sales share in passenger cars and light commercial vehicles in the USA by 2030.