CATL will provide Stellantis with lithium iron phosphate batteries

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Recently, Stellantis Group and CATL New Energy Technology Co., Ltd. announced that they have signed a non-binding memorandum of understanding, which stipulates that CATL will supply the cells and modules of lithium iron phosphate (LFP) batteries to Stellantis Group locally in Europe.

As part of the Stellantis Group’s “Dare Forward 2030” strategic plan, the electrification goal of the group is: by 2030, all passenger cars sold by Stellantis in Europe will be pure electric vehicles, and 50% of passenger cars and light trucks sold in the United States will be pure electric vehicles. Meanwhile, Stellantis plans to become a net zero carbon emitting enterprise by 2038.

Carlos Tavares, Global CEO of Stellantis Group, stated: The memorandum of understanding reached with CATL on lithium iron phosphate batteries is another component of Stellantis’ long-term strategy to protect the freedom of travel for the European middle class. As an industry leader in the battery industry, CATL will work with many iconic automotive brands under Stellantis to bring innovative and easy to use and promote battery technology to customers, while also helping Stellantis Group achieve its goal of achieving the goal of net zero carbon emissions by 2038.