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Stellantis signs agreement with CATL for LFP batteries in Europe

The logos of Stellantis and CATL after their partnership on electric batteries

With the presentation of the new Citroën C3, Stellantis showed its intention to use LFP batteries, which have the advantage of being less expensive. This type of battery, already used by Tesla in its Model 3, makes electric cars more accessible. It is in this spirit that the Group announces a strategic partnership with CATL for the supply of LFP batteries, which will soon enrich the range of the Group's brands.

Stellantis therefore announces the signing of a non-binding agreement with CATL for the local supply of LFP battery cells and modules for the European production of Stellantis electric vehicles. In order to support Stellantis' ambitious electrification strategy, the two companies are also considering the creation of a joint venture.

The MoU foresees a long-term collaboration between CATL and Stellantis around two distinct strategic axes: the development of a bold technology roadmap to support the commercialisation of Stellantis' electric vehicles, and the identification of new opportunities to strengthen the battery value chain.

Carlos Tavares, CEO of Stellantis, said: "This MoU with CATL on LFP battery chemistry is a new key element of our long-term strategy, which aims to preserve the freedom of movement of the European middle class. This partnership between our iconic brands and CATL, an industry leader in this field, will allow us to offer our customers innovative and accessible battery technology, while helping us to achieve carbon neutrality by 2038".

Robin Zeng, President and CEO of CATL, said: "We are very pleased that our cooperation with Stellantis has reached a new level. With Stellantis' deep expertise in automotive manufacturing and CATL's advanced battery technology, this partnership will be a decisive step for both our companies towards their respective carbon neutrality goals. We are committed to providing our partners with more competitive and sustainable solutions to drive the global energy transition."

In conclusion, these LFP batteries, which combine long life and excellent thermal stability, will enable the Group's brands to market high-quality, durable and affordable electric cars, crossovers and SUVs in the B and C segments. We should therefore soon see them in future models from the Group's brands, including Citroën, which is introducing them for Stellantis with the new C3.

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