- 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 contributions
- Stellantis aims to leverage lithium iron phosphate (LFP) batteries to power its European electric vehicle production, supporting its aggressive
Dare Forward 2030 electrification targets
The MoU outlines a long-term collaboration between CATL and Stellantis on two strategic fronts: building a bold technology roadmap to support Stellantis' cutting-edge battery electric vehicles and identifying opportunities to further strengthen the battery value chain.
"This MoU with CATL on LFP battery chemistry is another ingredient in our long-term strategy to protect freedom of mobility for the European middle class," said Stellantis CEO
"We are very pleased to elevate our cooperation with Stellantis to a new level. With Stellantis' time-honored expertise in car manufacturing and CATL's advanced battery technology, we believe the partnership will be a decisive step on both parties' journey towards carbon neutrality goals," said
Featuring a long service life 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
For more information, please visit https://www.catl.com/en/
X: https://twitter.com/catl_official
Meta: https://www.facebook.com/CATLOfficial/
YouTube: https://www.youtube.com/c/CATLOfficial
View original content to download multimedia:https://www.prnewswire.com/news-releases/catl-and-stellantis-sign-strategic-mou-for-the-local-supply-of-lfp-batteries-for-european-market-301994372.html
SOURCE
© Canada Newswire, source