CATL and Stellantis Sign Strategic MoU for the Local Supply of LFP Batteries for European Market

The MoU outlines joint development of a state-of-the-art technology roadmap and future battery value chain opportunities CATL and Stellantis are considering the possibility of a joint investment in the form of a joint venture with equivalent contributionsStellantis aims to leverage lithium iron phosphate (LFP) batteries to power its European electric vehicle production, supporting its aggressive Dare Forward 2030 electrification targetsstrategic plan, Stellantis announced plans of reaching a 100% passenger car battery electric vehicle (BEV) sales mix in Europe and a 50% passenger car and light-duty truck BEV sales mix in the United States by 2030. Stellantis is on track to become a carbon net zero corporation by 2038. Stellantis is assembling a roster of partnerships to ensure a stable, low-carbon supply of key materials for its electrified future.

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