The signing of a supply contract for nickel sulpate for use in electric vehicle (EV) batteries was announced by Stellantis and Terrafame. Over the course of the five-year agreement, Terrafame, based in Finland, will provide nickel sulphate to Stellantis beginning in 2025.
Stellantis CEO Carlos Tavares said, “This agreement is part of the key raw material sourcing to fit with our electrified vehicle battery pack needs, we continue to build a new global value chain with Class A partners to support our global strategy and propel our commitment to being the industry champion in climate change mitigation, becoming carbon net zero by 2038, ahead of our competition.”
By 2030, Stellantis expects to sell 100 percent of passenger-car battery electric vehicles (BEVs) in Europe and 50 percent of light-duty trucks and passenger-car BEVs in the US.
Stellantis aims to be 30% more effective than the industry with regard to total Capex and R&D spending relative to revenues by investing more than €30 billion in electrification and software development through 2025 in order to provide clean, safe, and affordable mobility for its customers.
