Stellantis Signs five-year agreement with Element 25 Limited
Stellantis N.V.and Element25 Limited announced the signing of a binding agreement for Element25 to supply battery grade, high purity manganese sulphate monohydrateto Stellantis for use in electric vehicle (EV) battery packs.The five-year agreement calls for shipments to begin in 2026, a total volume of 45 kilotons, andoptions to extend the supply term and volumes.
Element25 will source the material from its Butcherbird project in Western Australia and plans to construct a processing facility in the United States. Stellantis will make an equity investment in Element 25. The agreement with Element25 reinforces Stellantis’ electrification strategy, which includes securing substantial supplies of raw materials for battery electric vehicle (BEV) production. Manganese is a key stabilizing element in the cathode of EV batteries.
As part of its Dare Forward 2030 strategic plan, Stellantis announced plans of reaching 100% of passenger car BEV sales mix in Europe and 50% passenger car and light-duty truck BEV sales mix in the United States by 2030. Stellantis will be the industry champion in climate change mitigation, becoming carbon net zero by 2038, with a 50% reduction by 2030.
Stellantis plans to invest more than €30 billion through 2025 in electrification and software development, while targeting to continue to be 30 percent more efficient than the industry with respect to total Capex and R&D spend versus revenues.
Information Source: Read More “
Energy Monitors , Electric Power , Natural Gas , Oil , Climate , Renewable , Wind , Transition , LPG , Solar , Electric , Biomass , Sustainability , Oil Price , Electric Vehicles,Commodities ,
