Construction of the Stellantis+LG Energy Solution Canadian gigafactory resumes

Stellantis and CATL today announced the signing of a non-binding Memorandum of Understanding (MoU) for the local supply of LFP battery cells and modules to power Stellantis' electric vehicle production in Europe. To further support Stellantis' aggressive electrification strategy, the two companies are considering the possibility of forming a joint venture with equivalent contributions. The MoU outlines a long-term...

21 November 2023

Korean news agency Yonhap reports that LG Energy Solution, Ford, and Koç Holding scrap plans to build an EV battery JV in Türkiye. Earlier this year, on February 22, the three companies signed a non-binding Memorandum of Understanding (MoU) to form a new joint venture to create one of Europe's largest commercial electric vehicle battery cell facilities near Ankara, Türkiye. The agreement was subject to final...

13 November 2023

2025 Ram 1500 Ramcharger has been officially unveiled delivering "the industry's best combination of range, towing, and payload." The vehicle has a targeted range of up to 690 miles. It features a liquid-cooled 92 kWh battery paired with an onboard 130 kW generator. The battery pack features a design that incorporates the pack efficiently with a pouch cell format in a parallel configuration. Ramcharger's battery is...

7 November 2023

LG Energy Solution and Toyota Motor North America today announced that they have signed a supply agreement for lithium-ion battery modules to be used in Toyota battery electric vehicles (BEVs) that will be assembled in the United States. Under the contract, LG Energy Solution will supply automotive battery modules at an annual capacity of 20GWh starting from 2025. The battery modules, consisting of high-nickel NCMA...

4 October 2023

Stellantis teased the all-new Peugeot E-3008 compact SUV with several photos prior to the model's debut on September 12. The event will be held in Sochaux, France - on the historic and completely modernized site where it will be produced. Peugeot E-3008 will be the first model of the brand to be based on the STLA Medium platform - designed from the ground up specifically for EVs. According to the initial specs, the...

8 September 2023

Today marks the grand opening of the first Stellantis Battery Technology Center in Italy. The €40 million state-of-the-art facility is located at the Mirafiori complex in Turin and is the biggest in Italy and among the largest in Europe. More than 100 employees at the Mirafiori Battery Technology Center, most of them upskilled Stellantis workers, will perform and oversee climatic stress tests, lifespan durability...

8 September 2023

Governor Brian P. Kemp today announced that Hyundai Motor Group and LG Energy Solution (LGES) will invest an additional $2 billion in their battery cell manufacturing joint venture (JV) at the Metaplant in Bryan County, raising the JV’s total investment value to more than $4.3 billion. This expansion will create another 400 new jobs. In May 2023, Hyundai Motor Group and LGES signed a memorandum of understanding...

1 September 2023

Stellantis posted strong growth and set new records in net revenues, AOI and net profit in the first half of 2023. In the global electrification context, the brand's global BEV and LEV sales up 24% YoY to 169,000 units and up 28% YoY to 315,000 units, respectively. Stellantis now ranks third in EU30 overall BEV sales and second in the U.S. market for LEV sales. Stellantis currently has 25 BEVs available today and...

26 July 2023

U.S. is on the cusp of an electric vehicle (EV) revolution, as EVs are expected to make up half of new car sales worldwide by 2035 (Goldman Sachs). At the forefront of this growing market, LG Energy Solution Michigan’s second battery plant is now on track, with the aim of expanding its capacity five-fold. LGES Michigan is investing USD 1.7 billion into the expansion project, adding an additional 1.7 million square...

25 July 2023

Stellantis and Samsung SDI announced that they have signed a memorandum of understanding to establish a second battery manufacturing facility in the United States, under the existing StarPlus Energy joint venture. Targeted to start production in 2027, the plant aims to have an initial annual production capacity of 34 gigawatt hours (GWh). In May 2022, Stellantis and Samsung SDI announced their commitment to build a...

25 July 2023

Stellantis and Saft revealed IBIS - a smarter and more efficient intelligent battery-integrated system. It is a joint corporate and academic research project in France focused on developing a more efficient and less expensive energy storage system. IBIS integrates the electric charger and inverter functions into the lithium-ion battery modules replacing them with electronic conversion cards freeing up space in the...

20 July 2023

Stellantis unveiled the STLA Medium - а BEV-by-design platform that delivers a range of more than 700 km (435 miles) with a Performance pack, while a Standard pack is rated at more than 500 km (310 miles) on the WLTP. With a useful energy of up to 98 kWh, STLA Medium is best in class in embedded energy between the wheels. It uses a 400-volt electric architecture and will also deliver best-in-class energy efficiency...

7 July 2023

Stellantis and Hon Hai Technology Group (Foxconn) announced the creation of SiliconAuto, a 50/50 joint venture dedicated to designing and selling a family of state-of-the-art semiconductors to supply the automotive industry, including Stellantis, starting in 2026. The joint venture combines Foxconn's development capabilities and domain expertise in the ICT industry with Stellantis’ deep understanding of diverse...

21 June 2023

LG Energy Solution and Honda marked another major milestone of construction for its new joint venture EV battery facility this week when the first steel beam was installed at the plant site in Jeffersonville, Ohio. The companies have committed to invest $3.5 billion, with plans to create 2,200 jobs, in the over 2 million square feet facility, with an overall investment projected to reach $4.4 billion. The new joint...

21 June 2023