Stellantis and LG Energy Solution to form a JV for Li-Ion battery production in North America

Stellantis and Samsung SDI announced that their companies have entered into a memorandum of understanding to form a joint venture to produce battery cells and modules for North America. Targeted to start in 2025, the plant aims to have an initial annual production capacity of 23 gigawatt hours, with the ability to increase up to 40 gigawatt hours in the future. Stellantis is now well advanced in the process of...

25 October 2021

Sigma Lithium Corporation announced the signing of a binding term sheet for an offtake agreement on a "take or pay" basis (the "Offtake") for the sale of 6% battery-grade high purity and environmentally sustainable lithium concentrate to LG Energy Solution. The six-year LGES Offtake for Battery Grade Sustainable Lithium Concentrate scales from 60,000 tons per year in 2023 to 100,000 tons per year from 2024 to 2027...

5 October 2021

Mercedes-Benz is taking an equity stake in European battery cell manufacturer Automotive Cells Company (ACC) to scale up development and production of next-generation high-performance battery cells and modules. As announced in July 2021, Mercedes-Benz will be ready to go fully electric by the end of the decade – wherever market conditions allow. To reach its target, the company needs a total battery production...

24 September 2021

Honeywell announced that Ultium Cells LLC, a joint venture between LG Energy Solution and General Motors (GM), will use Honeywell's Quality Control System (QCS) to ensure the quality and integrity of the lithium-ion batteries produced at its new manufacturing plant in Lordstown, Ohio. Due to be completed in 2022, the 2.8 million square-foot factory will produce lithium-ion battery cells for GM electric vehicles...

23 September 2021

Foxconn (Hon Hai Precision Industry) together with its subsidiary FIH Mobile and Stellantis announced that they have entered into a joint venture agreement. Mobile Drive, the joint venture entity, will focus on delivering a smart cockpit solution for vehicles that will disrupt current design conventions and foster the development of intelligent connected vehicles. This update comes after a Memorandum of...

24 August 2021

LG Energy Solution has secured 100% rights to battery-grade nickel and cobalt materials from Australian Mines Limited (ASX: AUZ) amid growing concerns about future supplies of raw materials. The six-year supply deal would translate to producing batteries that can power 1.3 million high-performance electric vehicles, with driving range surpassing 500 kilometers on a single charge. LG Energy Solution announced it has...

19 August 2021

South Korean news outlet The Elec reports that Samsung SDI has won a contract for manufacturing batteries for Volkswagen. According to "people familiar with the matter", the Korean giant will produce a part of VW's self-designed Unified Prismatic Cells. The media speculates that other companies in which Volkswagen has a stake will also contribute to the production of these battery cells. These are Northvolt and...

5 August 2021

Today, Ford, GM and Stellantis announce their shared aspiration to achieve sales of 40-50% of annual U.S. volumes of electric vehicles (battery electric, fuel cell and plug-in hybrid vehicles) by 2030 in order to move the nation closer to a zero-emissions future consistent with Paris climate goals. Our recent product, technology, and investment announcements highlight our collective commitment to be leaders in the...

5 August 2021

SVOLT announces its partnership with automotive holding company Stellantis. With its brands including Chrysler, Citroën, Fiat, Opel and Peugeot, Stellantis is one of the world’s leading automotive manufacturers and mobility providers. On 8 July 2021, Stellantis presented a comprehensive electrification strategy for the company's brands at its "EV Day 2021". The strategy is based on four flexible BEV-by-design...

14 July 2021

Stellantis unveiled its electrification strategy by 2030. It plans to invest more than €30 billion through 2025 in electrification and software. By 2030, the company will aim to achieve 70% of sales in Europe and 40% in the USA to be low emission vehicles. All 14 brands under Stellantis are committed to offering best-in-class fully electrified solutions. These will include the creation of four flexible BEV-by-design...

9 July 2021

Stellantis today announced a £100 million investment in Vauxhall's production plant at Ellesmere Port to transform the site for the new era of electric vehicle manufacturing. At the end of next year, Ellesmere Port will be the first Stellantis plant to produce exclusively purely battery-electric models both in the light commercial vehicle version and in the passenger car version for the Vauxhall, Opel, Peugeot and...

6 July 2021

On Thursdau, July 8, 2021, Stellantis will host its EV Day 2021 - a digital event that will focus on the company's EV strategy. It will commence at 2:30 pm CEST / 8:30 am EDT.

3 July 2021

Stellantis and Foxconn announced the creation of the Mobile Drive joint venture. The new business entity will combine Stellantis' global expertise in vehicle development and design with Foxconn's global development in the rapidly changing software and hardware areas of smartphones and consumer electronics. This combination puts Mobile Drive at the forefront of the global effort to create new dimensions for...

18 May 2021

Stellantis, created by the merger of Fiat Chrysler and PSA, prepares aggressively for an EV future. Carlos Tavares, the company CEO, revealed its electrification plans during the first annual meeting of Stellantis. First, in 2021, the company plans to triple the sales of electrified vehicles (all-electric and hybrids) in the USA. This sums up to roughly 400,000 vehicles this year or 14% of overall sales. By 2030 it...

18 April 2021