Stellantis just joined Wedding ring made of nickelto guarantee a supply of 170,000 tons nickel sulfate and 12,000 tons cobalt sulfate “Battery quality”, for a period of five years.

This raw material, which will be used to produce batteries for the European group’s electric vehicles, represents about 40% of the annual production planned for the NiWest project in Western Australia.

Stellantis: contract for the supply of electric batteries

Stellantis also invested 9.2 million euros to acquire 11.5% of the shares of the Alliance Nickel business with the purchase of new shares and the right to appoint a director to the board of directors of Alliance Nickel.

“The binding agreements with Stellantis, one of the world’s largest and most innovative automakers in the industry, literally change the future of Alliance. They confirm our development strategy for the NiWest Nickel-Cobalt project and open up fundamental new financing opportunities, securing a leading customer and investor.”Paul Kopeitka, CEO and Managing Director of Alliance Nickel, said: “We look forward to a long and productive relationship between Alliance and Stellantis as we pursue our goal of becoming Australia’s next supplier of nickel cobalt sulfate ‘batteries’ to international markets. This partnership is fully in line with one of the values ​​our two companies share: “We win together.” »

These agreements for the supply of cobalt and nickel and the purchase of shares of the company strengthen an already established partnership between Stellantis and Alliance Nickel in October 2022. The two companies have indeed agreed to a binding memorandum of understanding to supply raw materials for electric vehicle batteries.

Stellantis: a strategic plan for electric vehicles

As part of its strategic plan Dare forward 2030Stellantis awaits to sell 100% electric passenger cars in Europe by 2030 and 50% of electric cars and pickup trucks in the United States. Thus, the Franco-Italian group plans to halve CO2 emissions by 2030, and to achieve carbon neutrality by 2038.

“Our commitment to the Dare Forward 2030 plan and our desire to lead the decarbonisation industry must be supported by a reliable supply of essential raw materials for our electric vehicles”says Carlos Tavares, CEO of Stellantis: “Partnering with Alliance Nickel is a key part of our plan to provide safe, clean and affordable mobility for all”.

To ensure a reliable supply of the raw materials needed for this electrified future, Stellantis has spent money agreements with several partners important ones: Alliance Nickel, McEwen Copper, Terrafame, Vulcan Energy, Element 25 and Controlled Thermal Resources.