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Saturday, January 29, 2022

Stellantis has linked a pair of battery technology contracts

Stellantis

Key Takeaways:

  • Stellantis announced a pair of agreements this week to gain access to solid-state and lithium battery technology to power the electric transformation of its model offerings.
  • In a joint development agreement signed on Tuesday, the company agreed to invest in Factorial Energy’s high-voltage traction solid-state battery technology.

Stellantis signed a deal with Vulcan Energy Resources to supply battery-grade lithium hydroxide to the Stellantis Group in Europe for use in electrified vehicles. Shipments are scheduled to begin in 2026, according to the five-year agreement.

“Our investment in Factorial and other well-known battery partners accelerates our ability to provide cutting-edge technology for our electric vehicle portfolio,” Stellantis CEO Carlos Tavares said in a statement.

“Projects like these will result in a faster time to market and a more cost-effective transition to solid-state technology.” Factorial, based in Massachussetts, has developed solid-state technology to address two significant barriers to widespread consumer adoption of electric vehicles: driving range and safety.

Stellantis announced in July that it aims to introduce the first competitive solid-state battery technology by 2026.

By 2030, the company hopes to have more than 70% of its vehicle sales in Europe and more than 40% of its sales in the United States be low emission vehicles (LEV).

The five-year agreement with Vulcan also specifies that shipments will begin in 2026.

Vulcan’s Zero Carbon LithiumTM Project in Germany’s Upper Rhine Valley employs geothermal energy to produce good quality lithium hydroxide from brine without using fossil fuels or a large amount of water, lowering carbon emissions in the battery metals supply chain.

Throughout the five-year agreement, the German-based company will supply Stellantis with a minimum of 81,000 tonnes and a maximum of 99,000 tonnes of lithium hydroxide. The supply agreement is conditional on the successful start of commercial operations at the Vulcan facility and full product qualification.

Source: o.canada News

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