Stellantis N.V. and Terrafame Ltd. announced the signing of a supply agreement for nickel sulphate to be used in electric vehicle (EV) batteries. Beginning in 2025, Finland-based Terrafame will supply Stellantis with nickel sulphate over the five-year term of the agreement. The Terrafame agreement is a part of Stellantis' aggressive electrification strategy and will cover a significant portion of the needs for sustainable regionally sourced nickel.

As part of its Dare Forward 2030 strategic plan, Stellantis announced plans of reaching 100% of passenger car battery electric vehicle (BEV) sales mix in Europe and 50% passenger car and light-duty truck BEV sales mix in the United States by 2030. To offer a clean, safe and affordable mobility for its customers, Stellantis plans to invest more than EUR 30 billion through 2025 in electrification and software development, while targeting to be 30% more efficient than the industry with respect to total Capex and R&D spend versus revenues.