Carmaker Stellantis has signed a deal with Australian miner Element 25 for the supply of manganese sulphite for batteries for its electric vehicles (EVs), the two companies said on Monday.
Based on the five-year binding agreement announced on Monday, Element 25 will supply Stellantis with high-purity manganese sulphate monohydrate to be used in battery packs.
Shipments, for a total of 45 kilotons, are expected to begin in 2026, with options to extend term and volumes.Element 25 will source the material from its Butcherbird project in Western Australia and plans to construct a processing facility in the United States. Stellantis, meanwhile, will make an equity investment in Element 25, the two companies added in a statement.
"Our commitment to a carbon net-zero future includes creation of a smart supply chain to ensure we meet our customers' desire for EVs," Stellantis CEO Carlos Tavares said. Stellantis, formed through the merger of Fiat Chrysler and Peugeot maker PSA, wants 100% of its European passenger car sales and 50% of its U.S. passenger car and light-duty truck sales to be battery electric vehicles by 2030.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stellantis partners with Archer Aviation to build eVTOL craft | AutocarStellantis has teamed with Archer Aviation to build the 2024-bound eVTOL aircraft - read the full story on Move Electric
Read more »
Peugeot to add five new electric cars to existing model lines by 2025 | AutocarPeugeot will offer EV variants of all its existing models by 2025 - an electric 408 is already confirmed to be in the works ⚡
Read more »
Venus Williams withdraws from Australian Open due to injuryIt continues a run of misfortunes for Williams, who last played at Melbourne Park in 2021.
Read more »