AMSTERDAM, Nov. 21, 2023 /PRNewswire/ — Stellantis N.V. and CATL today announced the signing of a non-binding memorandum of understanding (MoU) on the local supply of LFP battery cells and modules for the production of Stellantis electric vehicles in Europe. To further support Stellantis’ ambitious electrification strategy, the two companies are studying the possibility of forming a joint venture with equal contributions.

The MOU establishes a long-term collaboration between CATL and Stellantis on two strategic fronts: creating a bold technology roadmap to support Stellantis’ advanced battery electric vehicles and identifying opportunities to further strengthen the battery value chain.

“This memorandum with CATL on the chemistry of LFP batteries is another ingredient of our long-term strategy to protect the freedom of mobility of the European middle class,” said Carlos Tavares, CEO of Stellantis. “CATL is the leader in this sector and, together with our iconic vehicle brands, we will bring innovative and accessible battery technology to our customers, helping us achieve our ambition of net zero carbon emissions by 2038” .

“We are delighted to raise our cooperation with Stellantis to a new level. With Stellantis’ renowned expertise in automobile manufacturing and CATL’s advanced battery technology, we believe the partnership will be a decisive step in the path of both parties toward carbon neutrality goals,” said Robin Zeng, Chairman and General Manager of CATL. “We will continue to offer more competitive and sustainable solutions for our partners to promote the global energy transition.”

With a long lifespan and high thermal stability, LFP technology can enable Stellantis to offer high-quality, durable and affordable electric vehicles in passenger cars, crossovers and SUVs in the B and C segments.

As part of the Dare Forward 2030 strategic plan, Stellantis has announced plans to achieve 100% battery electric vehicle (BEV) sales in Europe and 50% BEV passenger car and light-duty truck sales in the United States by 2030 Stellantis is on track to become a net-zero carbon corporation by 2038. Stellantis is making a number of partnerships to ensure a stable, low-carbon supply of key materials for its electrified future.

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