Here are Stellantis’ allies on electric batteries
The Stellantis group is active in the search for partners to produce batteries for electric cars. The joint ventures with LG and Samsung in America complement the participation in ACC in Europe and partnerships in China. Not forgetting the lithium supplies
Stellantis has landed two major hits in the past few days. These are two memoranda for the creation of as many joint ventures destined to produce batteries for electric cars with Samsung and LG Energy Solution in America. Fundamental steps to support a challenging goal: to sell 40% of electrified vehicles by 2030 in Canada, the United States and Mexico.
Stellantis plans to invest over 30 billion euros by 2025 in electrification and software development, aiming to maintain 30% more efficiency than the industry average in the ratio of total R&D and capital expenditure to revenues .
THE JOINT VENURE WITH SAMSUNG
Stellantis has reached an agreement with Samsung to produce batteries in America for the electrified cars of the group, a joint venture will be born with a production plant capable of producing 23 GWh per year in the initial phase, but the intention is to go up up to 40.
The announcement was made through a joint statement, which explains how Stellantis and Samsung have entered into the memorandum of understanding of the joint venture aimed at the production of cells and battery modules intended to equip the electric and plug-in hybrid vehicles of the broad portfolio of Stellantis brands that will be produced in the Group's plants located in the United States, Canada and Mexico.
The start of production is scheduled for 2025, but the joint press release does not mention the area in which the plant should be located, which will be evaluated by the parties.
THE OTHER JOINT VENTURE WITH LG ENERGY SOLUTION
The one with Samsung is not Stellantis' first agreement with an electronics player to produce batteries for electric cars. Thanks to a similar move, the group chaired by John Elkann and led by Carlos Tavares and LG Energy Solution will create a joint venture for the production of lithium-ion batteries in North America.
Also in this case, more details are expected about the location of the plant, whose start-up is estimated in 2024 with an annual production of 40 GWh and which – as in the case of the partnership with Samsung – will have to supply the vehicles marketed in Mexico with batteries. , Canada and the United States. The agreement dates back to 2014, when the then FCA chose LG Energy Solution (then LG Chem) as the supplier of the lithium-ion batteries to be installed on the Chrysler Pacifica Hybrid, the industry's first electrified minivan.
IN EUROPE THE JOINT VENTURE BETWEEN STELLANTIS, TOTAL AND MERCEDES
The joint ventures with Samsung and LG represent the “American rib” of Stellantis' battery manufacturing strategy. On the European front, Stellantis is part of the Automotive Cells Company (ACC) together with Total and Mercedes.
ACC was born in August 2020 when the then PSA / Opel group and TotalEnergies – together with its subsidiary Saft – decided to join forces with the declared goal of creating a European leader in the sector of batteries for electric vehicles. Then, in January 2021 from the merger between FCA and PSA, Stellantis was born, which inherited the accursed ones. Finally, on 24 September 2021 Mercedes announced its entry into ACC, becoming a 33% partner, equal to those held by Total and the group led by Carlos Tavarez.
The three Stellantis battery factories in Europe will be precisely in Termoli (Italy), Kaiserslautern (Germany) and Douvrin (France). ACC can count on 1.3 billion in public funding from the French and German authorities. Taken as a whole, the entire project represents more than 5 billion euros of investment.
AGREEMENTS ALSO FOR THE CHINESE MARKET AND FOR THE SUPPLIES OF LITHIUM
In addition to the joint ventures in Europe and Amerca, Stellantis also has agreements with the Chinese producers Svolt, Byd and Catl. The goal is to reach an annual production capacity of batteries of 130 GWh by 2025, with the ambition to double to 260 GWh by 2020.
The automotive group is also working on the supply of raw materials and recently signed a memorandum of understanding with the Californian company Controlled Thermal Resources and with the German Vulcan Energy Resources for the supply of lithium, the metal on which the current technology of accumulators is based. for electric cars.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/smartcity/ecco-gli-alleati-di-stellantis-sulle-batterie-elettriche/ on Mon, 25 Oct 2021 05:21:07 +0000.