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Thursday, 08 July 2021 22:01

Stellantis to Invest $36B in EVs Through 2025

Written by Mark Kane, Inside EVs

Index

...one unique cell-to-pack design. By 2026, the first solid-state batteries will be introduced.

 

"Battery packs will be tailored for a variety of vehicles---from smaller city cars to energy-dense packs for performance vehicles and trucks," the company said. "Use of two battery chemistries is planned by 2024 to support various customer needs: a high energy-density option and a nickel cobalt-free alternative. By 2026, the first competitive solid state battery technology is targeted to be introduced."

 

An important declaration concerns fast charging, as the company would like to offer class-leading fast charging capability of 20 miles per minute.

 

Stellantis announced its battery needs will be more than 130 GWh annually by 2025 and more than 260 GWh annually by 2030.

 

To secure such a high amount of batteries, the company intends to build, with partners, at least five battery gigafactories in Europe and North America. On top of that, Stellantis will still be purchasing batteries outside.

 

We know the company already announced two gigafactories in Europe, one in France and one in Germany, with Total/Saft, while FCA is trying to secure one in Italy.

 

Considering the numbers, we should soon see an announcement about a battery gigafactory---the deal with an undisclosed partner is almost ready---in the U.S., and a few years down the road, there will be another one.

 

Stellantis intends to engage also in supply of battery materials, as well as cover the entire life cycle through repair, remanufacturing, second-life use and recycling.

 

"Stellantis has signed MOUs with two lithium geothermal brine process partners in North America and Europe to ensure a sustainable supply of lithium, identified as the most critical battery raw material with regard to availability, as well as have the ability to integrate lithium into the supply chain once available," the company said.

 

Another interesting thing is after implementing all the measures and increasing the scale, the battery costs are expected to decrease by more than 40% between 2024 and 2020, and another 20% by 2030, compared to 2024. As we understand, in 2030 the per kWh cost will be 50% or so less than in 2020.

 

Stellantis doesn't have competence in all areas of electrification and this is why the company will produce electric drive units and battery cells with external partners, through joint ventures:

 

"Stellantis currently has or is completing several key technology joint ventures, ranging from e-powertrain and e-transmission operations to battery cell chemistry and production and digital cockpit and personalized connected services," the company said. "These partnerships provide Stellantis the opportunity to leverage not only in-house competencies, but also the expertise of the partners in order to bring new technology and solutions to market more rapidly, while optimizing capital allocation to further enhance Stellantis competitiveness in the marketplace."

 

We thank Inside EVs for reprint permission.  

 

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