Stellantis and Samsung to jointly manufacture batteries for electric cars

OCTOBER 22, 2021
Stellantis advances in the development of electric cars.

The world's fourth-largest automaker, Stellantis, has accelerated its "electrification" goals: it wants electric vehicles to account for nearly 50 percent of its U.S. sales by 2030 and to achieve an annual energy storage battery production capacity of 80 gigawatt-hours for more than 1.3 million units.

With that goal on the horizon, this Friday, October 22, comes word that Stellantis signed an agreement with Samsung SDI to form a joint company to produce electric vehicle battery cells and modules.

The company will be based in the United States, would be called Stellantis Samsung SDI and the batteries produced will be delivered to the plants that the brand has in the United States, Canada and Mexico.

Neither the location of the new factory nor the amount of the operation has been confirmed. In this regard, it is only known that the company's electrification plan covers about 35 billion dollars. The news comes less than seven days after Stellantis signed a very similar contract with another Korean company, LG Energy Solution (LGES).

Stellantis is the company that was formally born in January 2021 after the merger of Fiat Chrysler and PSA (Peugeot).

Stellantis has previously expressed that it wants to secure more than 130 GW/h of global battery production capacity by 2025 and more than 250 GW/h by 2030.

This project includes three energy accumulator factories in Europe (Germany, France and Italy) and two in North America. The one announced would be one (although it is not known in which U.S. state) and the other is not confirmed (it could be Mexico).

The group, which has in its portfolio brands such as Peugeot, Fiat, Opel, Jeep and Ram, among others, wants 70 percent of its sales in Europe to be electric cars by 2030.

The idea is that Stellantis-Samsung SDI will start operating in the first months of 2025 with a production capacity per year of around 25 GWh, and then take that volume to 40 GW/h.

Samsung SDI is a subsidiary of Samsung Electronics. It already has battery plants for electric vehicles in South Korea, China and Hungary, and supplies other automakers such as BMW and Ford.

On the other hand, Stellantis, through FCA Italy SpA, with the coordination of the e-Mobility business unit, and TheF Charging have announced the signing of a collaboration agreement to create a European public charging network accessible to all electric vehicles, with exclusive conditions for Stellantis customers.

The facilities will be built to meet customers' main charging requirements. Located in city centers, public institutions, transportation hubs, leisure facilities and retail outlets, a total of more than 15,000 locations in Europe with 2 million parking spaces.

Source: IProfesional

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