Stellantis signs a pair of battery technology deals

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Stellantis announced a couple of deals this week to secure access to lithium and solid-state battery technology to drive the transformation of its model-to-electric offerings.

The company signed a joint development agreement Tuesday to invest in Factorial Energy’s high-voltage traction solid-state battery technology.

On Monday, Stellantis signed an agreement with Vulcan Energy Resources to supply battery grade lithium hydroxide in Europe for use in electrified vehicles to the Stellantis Group. The five-year agreement calls for shipments to begin in 2026.

“Our investment in Factorial and other highly regarded battery partners increases the speed and agility required to provide cutting-edge technology for our electric vehicle portfolio,” Stellantis CEO Carlos Tavares said in a statement.

“Initiatives like these will lead to a faster time to market and a more profitable transition to solid state technology.”

Massachusetts-based Factorial has developed solid-state technology that addresses the key issues holding back the adoption of electric vehicles by large-scale consumers: range and safety.

Stellantis announced in July its goal of having the first competitive solid-state battery technology by 2026.

The company aims for more than 70 percent of its vehicle sales in Europe and more than 40 percent of sales in the United States to be low-emission vehicles (LEVs) by 2030.

The five-year agreement with Vulcan also calls for shipments to begin in 2026.

Vulcan’s Zero Carbon Lithium ™ project in Germany’s Upper Rhine Valley uses geothermal energy to produce battery-quality lithium hydroxide from brine without the use of fossil fuels and minimal water use, reducing generation carbon in the battery metal supply chain.

The Germany-based company will supply Stellantis with a minimum of 81,000 tonnes and a maximum of 99,000 tonnes of lithium hydroxide over the five-year term of the agreement.

The supply agreement is subject to the successful start of commercial operation at the Vulcan facility and full product qualification.

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Reference-windsorstar.com

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