AMSTERDAM – Stellantis and CATL immediately introduced they’ve reached an settlement to speculate as much as €4.1 billion to kind a three way partnership that may construct a large-scale European lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. Designed to be utterly carbon impartial, the battery plant can be carried out in a number of phases and funding plans.
Targeted to start out manufacturing by finish of 2026 at Stellantis’ Zaragoza, Spain website, the ability may attain as much as 50 GWh capability, topic to the evolution of {the electrical} market in Europe and continued help from authorities in Spain and the European Union. The 50-50 three way partnership between CATL and Stellantis will increase Stellantis’ best-in-class LFP provide in Europe enabling the automaker to supply extra high-quality, sturdy and inexpensive battery-electric passenger vehicles, crossovers and SUVs within the B and C segments with intermediate ranges.
In November 2023, Stellantis and CATL signed a non-binding MOU for the native provide of LFP battery cells and modules for electrical automobile manufacturing in Europe and established a long-term collaboration on two strategic fronts: making a daring know-how roadmap to help Stellantis’ superior battery electrical autos (BEV) and figuring out alternatives to additional strengthen the battery worth chain.
“Stellantis is dedicated to a decarbonized future, embracing all out there superior battery applied sciences to convey aggressive electrical automobile merchandise to our clients,” mentioned Stellantis Chairman John Elkann. “This necessary three way partnership with our companion CATL will convey modern battery manufacturing to a producing website that’s already a frontrunner in clear and renewable power, serving to drive a 360-degree sustainable method. I wish to thank all stakeholders concerned in making immediately’s announcement a actuality, together with the Spanish authorities for his or her continued help.”
“The three way partnership has taken our cooperation with Stellantis to new heights, and I imagine our cutting-edge battery know-how and excellent operation knowhow mixed with Stellantis’ decades-long expertise in working enterprise regionally in Zaragoza will guarantee a serious success story within the business,” mentioned Robin Zeng, Chairman and CEO of CATL. “CATL’s aim is to make zero-carbon know-how accessible throughout the globe, and we look ahead to cooperating with our companions globally by means of extra modern cooperation fashions.”
CATL is bringing state-of-the-art battery manufacturing know-how to Europe by means of its two vegetation in Germany and Hungary, that are already operational. The Spanish facility will improve its capabilities to help clients’ local weather objectives, additional underscoring its dedication to advancing e-mobility and power transition efforts in Europe and the worldwide market.
Stellantis is using a dual-chemistry method – lithium-ion nickel manganese cobalt (NMC) and lithium iron phosphate (LFP) – to serve all clients and exploring modern battery cell and pack applied sciences. Stellantis is on observe to turning into a carbon internet zero company by 2038, all scopes included, with single-digit proportion compensation of remaining emissions.
The transaction is anticipated to shut in the midst of 2025 and is topic to customary regulatory situations.
About Stellantis
Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is without doubt one of the world’s main automakers aiming to offer clear, secure and inexpensive freedom of mobility to all. It’s finest identified for its distinctive portfolio of iconic and modern manufacturers together with Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis is executing its Dare Forward 2030, a daring strategic plan that paves the best way to attain the formidable goal of turning into a carbon internet zero mobility tech firm by 2038, with single-digit proportion compensation of the remaining emissions, whereas creating added worth for all stakeholders. For extra info, go to www.stellantis.com.
About CATL
Contemporary Amperex Technology Co., Limited (CATL) is a world chief in new power know-how innovation, dedicated to offering premier options and providers for brand new power functions worldwide. In June 2018, the corporate went public on the Shenzhen Stock Exchange with inventory code 300750. In the yr 2023, CATL’s EV battery consumption quantity has ranked No.1 on the planet for seven consecutive years, and it has ranked first available in the market share of worldwide power storage battery cargo for 3 straight years. CATL additionally enjoys vast recognition by international EV and power storage companions. Committed to creating excellent contribution to power transition of mankind, CATL in 2023 introduced its strategic objectives of reaching carbon neutrality in core operations by 2025 and throughout the battery provide chain by 2035.
