The CEO of Stellantis, Carlos Tavares, has more times pointed the finger at the cost of electric cars. As Automotive News Europe reports, during the presentation of the Group's 2022 financial data, the manager said that some actions are being evaluated with the aim of lowering the costs of these cars. Stellantis, moreover, has to face the increasingly growing competition; insidious of the Chinese builders who are gradually expanding their activities; even in the Old Continent. After all, Tavares himself has more; warned of the risks of the European automotive market with the arrival of brands from China.
Among the actions that the Stellantis Group intends to carry out there is; that of using LFP (lithium-iron-phosphate) batteries in Europe on its electric cars, at least on some models. As we know, these accumulators, although they offer a density of lower energy than NMC (nickel-manganese-cobalt) batteries, they are less expensive. Precisely for this reason, these batteries have been chosen by various car manufacturers with the aim of reducing the cost of electric cars. Recently, Ford has also decided to use them on some of its models for this very purpose. Tavares, in this regard, highlighted:
We need LFP batteries and we will have LFP batteries because; they are cost-competitive and allow for affordable cars for the middle classes.
Stellantis' plan, therefore, is; that of using LFP batteries to make it easier to use. accessible electric cars in Europe. Tavares, however, did not want to provide a timeline on when Stellantis intends to introduce these accumulators within its models.
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Other problem is the problem. who will provide the the LFP batteries at Stellantis. As we know, the Group is working on building a series of battery cell factories in Europe. One of these will be made in Italy. However, within them, batteries of the NMC type (nickel-manganese-cobalt) will be produced. Therefore, in order to have LFP (lithium-iron-phosphate) accumulators, Stellantis must have turn to third-party suppliers. The number one suspect is CATL which already has supplies its LFP batteries to many automakers including Tesla and Ford. CATL is he has also been a partner of Stellantis for some time and, as we know, he is investing in Europe in the construction of new factories in order to be able to better supply his customers.
At the moment, however, these are speculations. Certainly there is that Stellantis intends to focus on LFP batteries. To understand the supply strategy of these accumulators, we will have to wait for further news to arrive.
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