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STLA Stellantis NV

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Share Name Share Symbol Market Type
Stellantis NV BIT:STLA Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Stellantis, CATL in Talks for EV Battery Supply Deal With JV Potential

21/11/2023 6:53am

Dow Jones News


Stellantis NV (BIT:STLA)
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By David Sachs

 

Stellantis has signed a memorandum of understanding with CATL for the supply of electric-vehicle batteries in the European market.

The Netherlands-based maker of Jeep and Dodge said Tuesday that the nonbinding agreement with the Chinese battery maker outlines a long-term agreement for the supply of lithium iron phosphate batteries. The deal could lead to a joint venture with equivalent contributions, Stellantis said.

The batteries will be used for European production, Stellantis said.

 

Write to David Sachs at david.sachs@wsj.com

 

(END) Dow Jones Newswires

November 21, 2023 01:38 ET (06:38 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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