On Monday morning, automotive conglomerate Stellantis and LG Energy Solution introduced a new three way partnership to supply lithium-ion battery cells destined for electrical autos in North America. The manufacturing unit—to be constructed at an as-yet-unnamed web site—ought to begin producing cells in 2024, with a focused output of 40 GWh/year as soon as it’s totally operational.
Stellantis was formed at the beginning of 2021 with the merger of Fiat Chrysler Automobiles (FCA)—which owned the Fiat, Ram, Jeep, and Chrysler manufacturers, amongst others—along with Peugeot SA (PSA). FCA had been in search of to associate with one other giant OEM to organize for the coming electrified future, and PSA had loads of that experience to carry to the desk.
In July, Stellantis confirmed off its electrification roadmap, a $35.5 billion plan that features 4 battery-electric automobile platforms, together with one for the large body-on-frame pickups and SUVs which might be so beloved by US clients.
Stellantis will require loads of lithium-ion cells to make that occur, with pack capacities starting from 37 kWh for the smallest autos to monster-sized 200 kWh packs for the longest-range body-on-frame BEVs. That will necessitate a number of huge battery vegetation, of which this North American three way partnership will be however one.
“Today’s announcement is further proof that we are deploying our aggressive electrification road map and are following through on the commitments we made during our EV Day event in July,” stated Carlos Tavares, CEO of Stellantis. “With this, we have now determined the next ‘gigafactory’ coming to the Stellantis portfolio to help us achieve a total minimum of 260 GWh of capacity by 2030.”
“Establishing a joint venture with Stellantis will be a monumental milestone in our long-standing partnership,” said Jong-hyun Kim, president and CEO of LG Energy Solution, which has been the supplier for the battery pack in the plug-in hybrid Chrysler Pacifica minivan.
Groundbreaking for the new North American battery plant is predicted to happen in Q2 2022.