Stellantis plans deal with CATL for LPF batteries, new gigafactory
In the race to build small, more affordable electric vehicles to stave off fierce Chinese competition, Stellantis announced this morning that it has signed a broad preliminary joint venture with Chinese EV battery giant CATL. The plan involves buying and developing LFP batteries for the company’s small and mid-sized EVs in Europe. As part of the long-term deal, Stellantis – the parent company of Jeep, Fiat, Citreön, and Peugeot, among many more – is planning to build a new gigafactory in Europe to manufacturer LPF batteries.