Stellantis forms battery partnership with LG for electric vehicles

As stated, continue Stellantis focuses on electric mobility
. As part of this attack, vehicle manufacturer Fiat Chrysler (FCA) has merged and PSA is now collaborating with South Korean battery maker LG Energy Solutions (LGES). Both companies are establishing a joint venture to manufacture battery cells and battery modules at a new facility with an annual capacity of 40 gigawatt-hours (GWh), Stellantis and LGES jointly announced.

Planned commissioning in 2024

The batteries produced are delivered to the Stellantis assembly plants in the USA, Canada and Mexico. The new plant is supposed to be operational in the first quarter of 2024. Stellantis has set itself the goal of generating more than 40 percent of its sales in the United States with electric vehicles by 2030. At the end of September, the world’s fourth-largest car manufacturer joined – along with Together with Mercedes-Benz and mineral oil company Totalenergies – to the European manufacturer of battery cells, Automotive Cells Corporation (ACC) as an equal shareholder.

A setback for LG

For LG, there was recently a bitter damper for electric car batteries. The group must for Covering all costs of recalling the electric Chevrolet Bolt EV
. There is an acute risk of fire in the GM Stromer, which is why the batteries of all vehicles sold must be replaced. This was provided by LG. So the Asian group has to pay billions of euros to the American manufacturer.