Stellantis, agreement with Samsung SDI to produce batteries?

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Stellantis' electrification plan involves the creation of 5 Gigafactory for the production of cells that will be used for the batteries of its electric cars . As we know, a rise will arise; also in Italy in Termoli . The company expects to secure over 130 GWh of capacity; of cell production by 2025 and over 260 GWh (90 GWh in America and 170 GWh in Europe) by 2030 through its factories. Have an adequate supply of batteries available fundamental given that in the next few years the Group will carry; at the debut more and more; BEV models.

In recent days, a new piece of the battery plan had emerged with the announcement of a joint venture with LG to produce the cells in North America through the construction of a new factory. Apparently, the announcements on battery manufacturing projects may not be over.

NEW AGREEMENT

According to Reuters, the Stellantis Group and Samsung SDI have signed a memorandum of understanding to jointly produce accumulators for the North American market. The Korean company already has electric vehicle battery plants in South Korea, China and Hungary, supplying customers such as BMW and Ford. According to what emerged, a possible joint venture is also being discussed.

The agreement could also involve the construction of a factory for batteries in North America. This would confirm some rumors in July 2021 which stated that Samsung SDI was willing to build a factory on American territory.

Obviously, the two companies & agrave; they declined to comment on the news reported by Reuters. It will be known; more & ugrave; when it will arrive an official communication. The indiscretion is obviously very interesting because & eacute; demonstrates how Stellantis is putting together all the pieces of its electrification project, making important agreements in order to have an adequate supply of batteries for its electric cars in the future. In this regard, it is recalled that in Europe it will be possible to count on the ACC joint venture created at the time by PSA (now Stellantis) and Total.

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