Stellantis and Terrafame Agree on Low-Carbon Nickel Sulphate Provide for Electrical Vehicle Batteries
- Stellantis strengthens worth chain for electrical car battery manufacturing supporting Dare Ahead 2030 strategic plan targets
- Partnership strengthens the function of Terrafame as a acknowledged provider of sustainable electrical car manufacturing
- Partnership marks a concrete step in direction of a well-structured, clear, and sustainable European battery cluster to satisfy Stellantis’ wants
AMSTERDAM, January 18, 2023 – Stellantis N.V. and Terrafame Ltd. introduced at present the signing of a provide settlement for nickel sulphate for use in electrical car (EV) batteries. Starting in 2025, Finland-based Terrafame will provide Stellantis with nickel sulphate over the five-year time period of the settlement. The Terrafame settlement is part of Stellantis’ aggressive electrification strategy and can cowl a good portion of the wants for sustainable regionally sourced nickel.
“This settlement is a part of the important thing uncooked materials sourcing to suit with our electrified car battery pack wants,” stated Stellantis CEO Carlos Tavares. “We proceed to construct a brand new world worth chain with Class A companions to help our world technique and propel our dedication to be the business champion in local weather change mitigation, changing into carbon web zero by 2038, forward of our competitors.”
As a part of its Dare Forward 2030 strategic plan, Stellantis introduced plans of reaching 100% of passenger automobile battery electrical car (BEV) gross sales combine in Europe and 50% passenger automobile and light-duty truck BEV gross sales combine in the US by 2030. To supply a clear, secure and reasonably priced mobility for its clients, Stellantis plans to take a position greater than €30 billion by means of 2025 in electrification and software program growth, whereas focusing on to be 30 p.c extra environment friendly than the business with respect to complete Capex and R&D spend versus revenues.
Terrafame operates one of many world’s largest battery chemical substances crops for EV batteries in Finland. With an built-in manufacturing course of starting in its personal mine and ending with battery chemical substances on one industrial web site, Terrafame’s manufacturing is totally traceable. Moreover, because of the distinctive manufacturing expertise, the carbon footprint of the nickel sulphate produced by Terrafame is among the many smallest within the business.
“Cooperation with business leaders equivalent to Stellantis fortifies the place of Terrafame as an necessary companion of battery chemical substances for the European automotive business,” stated Terrafame CEO Joni Lukkaroinen. “In these difficult occasions, there clearly is a powerful demand for sustainably and transparently produced battery chemical substances which can be made in Europe, for Europe. We’re proud to be doing our half in decarbonizing European mobility and growing the efficiencies of the European automotive business.”
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About Stellantis
Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) is without doubt one of the world’s main automakers and a mobility supplier. Its storied and iconic manufacturers embody the eagerness of their visionary founders and at present’s clients of their progressive services, together with Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Cars, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Powered by our variety, we cleared the path the world strikes – aspiring to grow to be the best sustainable mobility tech firm, not the most important, whereas creating added worth for all stakeholders in addition to the communities during which it operates. For extra info, go to www.stellantis.com.
About Terrafame Ltd
Terrafame enhances low-carbon mobility by delivering responsibly produced battery chemical substances to the worldwide battery business. One of many world’s largest manufacturing traces for chemical substances utilized in electrical automobile batteries is positioned on Terrafame’s industrial web site. The plant is able to producing nickel sulphate for round 1 million electrical vehicles per yr. The carbon footprint of the nickel sulphate produced by Terrafame is among the many smallest within the business.
Terrafame’s built-in, distinctive and energy-efficient manufacturing course of from the mine to battery chemical substances is positioned on a single industrial web site. It gives clients with a clear, traceable and actually European battery chemical provide chain.
Terrafame Ltd was based in 2015. Its web gross sales in 2021 have been EUR 378 million. Round 1,500 folks work on its industrial web site, half of whom are workers of companion firms.
Contacts:
Stellantis
Fernão Silveira
World Communications / Stellantis
+31 6 43 25 43 41
fernao.silveira@stellantis.com
Valérie Gillot
+33 6 83 92 92 96
valerie.gillot@stellantis.com
communications@stellantis.com
www.stellantis.com
Terrafame Ltd.
Joni Lukkaroinen
CEO
Tuhkakylä, Finland
+358 20 713 0890
joni.lukkaroinen@terrafame.fi
Veli-Matti Hilla
Chief Sustainability Officer
Tuhkakylä, Finland
+358 40 569 9906
veli-matti.hilla@terrafame.fi
press@terrafame.fi
+358 20 7130 800
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