There is a little play on words behind the announcement that the group Stellantis has signed an agreement for the supply of batteries for electric cars by Svolt Energy, a Chinese company. The contract distinguishes even more the ‘Turn to the electricity sector’, already announced during the EV Day organized by the company resulting from the merger between FCA and PSA
According to reports Automotive News, Stellantis has signed an agreement that will become effective from 2025, the year in which Svolt Energy will supply it with lithium-ion batteries, high-voltage energy storage systems and battery management systems. Svolt Energy is already in Europe: it is building a gigafactory in Germany (in Saarlouis) which will cost 2 billion euros.
EU, stop on diesel and petrol sales from 2035
Svolt Energy is a company linked to the Great Wall Motors car manufacturer, and after Stellantis it plans to add other customers to its portfolio; potentially Ford, also engaged in Saarlouis with one of its factories.
Read Also
- US: Journalist who accuses Trump of 1990s rape relaunches complaint in New York Nov 24, 2022
- Where to buy the Samsung S20, S20+ and S20 Ultra at the best price ? Jul 14, 2020
- Gray hair: the cause is stress, but it is reversible Jul 3, 2021
- Black Widow, critic: posthumous tribute did not reward waiting or expectations Jul 9, 2021
- Blood Money is the new update for Red Dead Online. This is your announcement trailer (Stadia, PC, PS4, XOne) Jul 14, 2021
- Alan Wake Remastered First Details Revealed Sep 6, 2021
- Hot Sale: how to avoid falling for scams when shopping online May 26, 2022
Now, with Svolt Energy, Stellantis has come to amass five partners for electric batteries. Also on the list are CATL, ACC (Automotive Cell Company, a joint venture with Total), BYD and LG. The group will need around 130 GWh by 2025, 260 GWh by 2030 (170 GWh in Europe). The majority should come from ACC, which plans gigafactories in France, Germany and Italy.