Strengthening the value chain of electric vehicle battery production
Automotive group Stellantis and Finnish raw material supplier Terrafame have agreed a supply deal for low-carbon nickel sulfate.
The agreement has a term of five years and is valid from 2025. For the automotive group, the cooperation is part of its electrification strategy, according to the company. It said the collaboration will cover a significant portion of its demand for sustainable, regionally sourced nickel.
Carlos Tavares, CEO of Stellantis said, “This agreement is part of the procurement of key raw materials and is in line with our need for battery packs for electrified vehicles.” In addition, Tavares said Stellantis is building a new global value chain with partners.
Dare Forward 2030 Strategic Plan
According to its press release, as part of its Dare Forward 2030 strategic plan, Stellantis aims to achieve a sales share of 100 percent battery electric passenger cars in Europe and 50 percent for passenger cars and commercial vehicles in the United States by 2030.
The Group plans to invest 30 billion euros in electrification and software development by 2025. The aim is to offer customers clean, safe and affordable mobility.
One of the largest battery chemical plants for electric vehicle batteries
Terrafame operates one of the world’s largest battery chemicals plants for electric vehicle batteries, according to Stellantis.
Terrafame’s production is fully traceable, it said. Accordingly, Stellantis explained, the company has an integrated production process that starts at its own mine and ends with battery chemicals at an industrial site. In addition, the carbon footprint of the nickel sulfate produced by Terrafame is among the smallest in the industry, he said.