KONTAN.CO.ID - MILAN. Stellantis plans to build an electric vehicle (EV) battery plant with China's CATL in Europe, its fourth one in the region, as the European carmaker seeks to make cheaper batteries and more affordable EVs. The EV battery plans also mark a further strengthening of ties with China after the Franco-Italian carmaker shut down its previous JV, Guangzhou Automobile Group, last year. Last month Stellantis announced a $1.6 billion deal to buy a stake in Chinese EV maker Leapmotor. Stellantis and CATL on Tuesday announced a preliminary agreement for the supply of lithium iron phosphate (LFP) battery cells and modules for the automaker's EV production in Europe and said they were considering setting up a 50-50 joint venture in the region.
Stellantis, CATL Plan Factory in Europe to Make Cheaper EV Batteries
KONTAN.CO.ID - MILAN. Stellantis plans to build an electric vehicle (EV) battery plant with China's CATL in Europe, its fourth one in the region, as the European carmaker seeks to make cheaper batteries and more affordable EVs. The EV battery plans also mark a further strengthening of ties with China after the Franco-Italian carmaker shut down its previous JV, Guangzhou Automobile Group, last year. Last month Stellantis announced a $1.6 billion deal to buy a stake in Chinese EV maker Leapmotor. Stellantis and CATL on Tuesday announced a preliminary agreement for the supply of lithium iron phosphate (LFP) battery cells and modules for the automaker's EV production in Europe and said they were considering setting up a 50-50 joint venture in the region.