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Stellantis and CATL not too long ago introduced a strategic settlement for a three way partnership that would see as much as €4.1 billion invested within the building of a large-scale European lithium iron phosphate battery plant. The ability, which they are saying will probably be constructed in a number of phases in Zaragoza, Spain, is meant to ultimately be absolutely carbon impartial, and the businesses count on manufacturing to start there by the top of 2026.
Relying on the expansion curve of the electrical automobile market in Europe, amongst different elements, the brand new lithium iron phosphate (LFP) battery plant might ultimately attain a manufacturing capability of as much as 50 GWh per yr. This is able to allow Stellantis to ship extra of its reasonably priced, dependable, and prime quality battery-electric autos — particularly its crossovers, SUVs, and different intermediate vary fashions — in Europe in help of its Dare Ahead 2030 plan.
The 50/50 JV grew out of a non-binding memorandum of understanding signed by the 2 corporations late final yr, which was supposed to determine a neighborhood provide chain for LFP cells and packs for European EV manufacturing. The MOU was additionally the start of what’s anticipated to be a long-time collaboration to strengthen the battery provide chain and to develop “an ambitious technology roadmap” that may help the manufacturing of Stellantis’ next-gen fashions of battery-electric autos.
“Stellantis is committed to a decarbonized future, embracing all available advanced battery technologies to bring competitive electric vehicle products to our customers. This important joint venture with our partner CATL will bring innovative battery production to a manufacturing site that is already a leader in clean and renewable energy, helping drive a 360-degree sustainable approach.” — Stellantis Chairman John Elkann
Including to CATL’s present presence in Europe, which incorporates two European battery crops already in operation in Germany and Hungary, this new facility in Spain will strengthen the corporate’s skill to deliver its state-of-the-art battery manufacturing expertise to bear in rising and advancing electrical mobility in each Europe and the worldwide market.
“The joint venture has taken our cooperation with Stellantis to new heights, and I believe our cutting-edge battery technology and outstanding operation knowhow combined with Stellantis’ decades-long experience in running business locally in Zaragoza will ensure a major success story in the industry. CATL’s goal is to make zero-carbon technology accessible across the globe, and we look forward to cooperating with our partners globally through more innovative cooperation models.” — Robin Zeng, CATL Chairman and CEO
Stellantis says its dual-chemistry battery technique — which employs each lithium-ion nickel manganese cobalt (NMC) and LFP batteries to energy its present EV fashions — permits the corporate “to serve all customers” in addition to proceed exploring “innovative battery cell and pack technologies” that would find yourself powering some or all of its electrical autos sooner or later.
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