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.
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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.
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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.