Stellantis, CATL in Talks for EV Battery Supply Deal With JV Potential
November 21 2023 - 1:53AM
Dow Jones News
By David Sachs
Stellantis has signed a memorandum of understanding with CATL
for the supply of electric-vehicle batteries in the European
market.
The Netherlands-based maker of Jeep and Dodge said Tuesday that
the nonbinding agreement with the Chinese battery maker outlines a
long-term agreement for the supply of lithium iron phosphate
batteries. The deal could lead to a joint venture with equivalent
contributions, Stellantis said.
The batteries will be used for European production, Stellantis
said.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
November 21, 2023 01:38 ET (06:38 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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