Stellantis (NYSE: STLA)* said today that it signed with CATL a Memorandum of Understanding (MoU) for the local supply of lithium iron phosphate (LFP) batteries for European market. The MoU outlines joint development of a technology roadmap and future battery value chain opportunities. Stellantis and CATL are considering the possibility of a joint investment in the form of a joint venture with equivalent contributions. Stellantis aims to use LFP batteries to assist making its Dare Forward 2030 electrification targets. LFP has a long service life and high thermal stability.
“This MoU with CATL on LFP battery chemistry is another ingredient in our long-term strategy to protect freedom of mobility for the European middle class,” said Stellantis CEO Carlos Tavares. “CATL is the industry leader in this sector and together with our iconic vehicle brands, we will bring innovative and accessible battery technology to our customers while helping us achieve our carbon net zero ambition by 2038.” Continue reading











Ford Motor Recalls Super Duty F-Series Trucks
Ford Motor Company is recalling some 2022-2023 Ford Super Duty F-350, F-450, F-550, and F-600 vehicles. The fasteners for the front wheel hub extender may be insufficiently tightened, which can result in the wheel and wheel extender detaching from the vehicle.
Owners are advised not to drive their vehicle until the repair has been performed. Dealers will inspect the front wheel hub extender retaining nuts. If the retaining nuts are loose, dealers will replace the wheel hub extender, retaining nuts, and hub assembly. Continue reading →