Stellantis plans deal with CATL for LPF batteries, new gigafactory
![Stellantis-affordable-EVs](https://electrek.co/wp-content/uploads/sites/3/2023/10/Citroen-affordable-EV-1.jpeg?quality=82&strip=all&w=1400)
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.