Stellantis and CTAL Sign Strategic MoU for The Local Supply of LiFePO4 Batteries for Euorpean Marks

2023-11-21 Stellantis and CTAL Sign Strategic MoU for The Local Supply of LiFePO4 Batteries for Euorpean Marks 

●The MoU outlines joint development of a state-of-the-art technology roadmap and future battery value chain opportunities.

●Stellantis and CATL 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.