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Tag Archives: lithium iron phosphate
Stellantis and CATL JV for LFP Battery Plant in Spain
Stellantis (NYSE: STLA )* and CATL (Shenzhen 300750) today announced they have reached an agreement to invest up to €4.1 billion to form a joint venture that will build a large-scale European lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. Designed to be carbon neutral, the battery plant will be implemented in several phases and investment plans. The transaction is expected to close during 2025 and is subject to customary regulatory conditions.
“Stellantis is committed to a decarbonized future, embracing all available advanced battery technologies to bring competitive electric vehicle products to our customers,” said Stellantis Chairman John Elkann. “This important joint venture with our partner CATL will bring innovative battery production to a manufacturing site that is already a leader in clean and renewable energy, helping drive a 360-degree sustainable approach. I want to thank all stakeholders involved in making today’s announcement a reality, including the Spanish authorities for their continued support.” Continue reading
Posted in connected vehicles, environment, fuel economy or emissions, global warming, manufacturing, news analysis, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, battery electric vehicles, CATL, John Elkann, Ken Zino, lithium iron phosphate, Robin Zeng, Stellantis, X @KenAutoinformed, Zaragoza Spain
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BYD Toyota EV Technology Company Debuts bZ3 EV in China
It’s a risky strategy that has proven successful so far, but doing business with totalitarian governments can cause disastrous consequences as Putin’s war on Ukraine demonstrated for European companies doing business in the region. Continue reading
GM and LG Energy Solution to Make Prismatic Cells in U.S.
General Motors (NYSE: GM) said today that it will with LG Energy Solution (KRX: 373220),* commercialize lithium manganese-rich (LMR) prismatic battery cells for future GM electric trucks and full-size SUVs. The announcement could be a battery technology breakthrough with significant sales and marketing advantages. This builds on a partnership between the two companies to develop prismatic battery cell technology and related chemistries.
“GM aims to become the first automaker to deploy LMR batteries in EVs. Ultium Cells, a GM and LG Energy Solution joint venture, plans to start commercial production of LMR prismatic cells in the United States by 2028, with pre-production expected to begin at an LG Energy Solution facility by late 2027. The final production-design of these LMR battery cells will be validated at GM’s Battery Cell Development Center in Warren, MI, which is expected to open earlier that year, as well as LG Energy Solution’s facility,” GM said. Continue reading →