Stellantis and CATL Forge Partnership to Accelerate Electric Vehicle Production in Europe

Stellantis, the renowned car manufacturer, and CATL, the Chinese electric vehicle battery giant, have joined forces. These two industry titans have signed a preliminary agreement that promises to revolutionize electric vehicle (EV) production in Europe. The partnership will focus on the supply of battery cells and modules, as well as the potential establishment of a 50-50 joint venture to support Stellantis’ electrification strategy.

This collaboration is expected to bring significant benefits to both companies. CATL will supply lithium iron phosphate (LFP) batteries to Stellantis, which will enable the production of high-quality, durable and affordable electric vehicles in various segments, including passenger cars, crossovers and small and medium SUVs. Stellantis, in turn, will have access to CATL’s cutting-edge battery technology, strengthening its efforts to achieve carbon neutrality.

Stellantis CEO Carlos Tavares hailed the partnership as a crucial step in safeguarding the freedom of mobility of Europe’s middle class. The memorandum of understanding between the two companies outlines a long-term collaboration, which includes exploring opportunities to further strengthen the battery value chain. This strategic alliance is expected to play a key role in accelerating the adoption of electric vehicles in Europe and reducing carbon emissions.

Stellantis is actively expanding its electric vehicle battery production capacity in Europe through its ACC joint venture with Mercedes and TotalEnergies. With three gigafactories under construction in France, Germany and Italy, and plans for additional facilities in the region, Stellantis is poised to meet the growing demand for electric vehicles.

This partnership with CATL marks another significant milestone in Stellantis’ journey towards a sustainable future. By combining their experience and resources, these two industry leaders aim to reshape the landscape of electric vehicle production in Europe, offering consumers more affordable and environmentally friendly transportation options.

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