By Joshua Kirby
Stellantis NV said Monday that it is investing in supplier Element 25 as it looks to secure its electric-vehicle expansion plans.
The Jeep maker will make an unspecified equity investment in Australian miner Element 25, which will supply the group with battery-grade manganese sulphate for use in its EV battery packs.
The five-year supply agreement will begin shipments in 2026 with a total volume of 45 kilotons of the material, with an option to expand both term and volume, Stellantis said.
Element 25 will source the manganese sulphate–which is used to stabilize EV-battery cathodes–from its Butcherbird project in Western Australia and plans to construct a processing facility in the U.S., Stellantis said.
The deal is part of the auto maker’s efforts to secure substantial supplies of EV-battery materials. Stellantis plans for 100% of its Europe vehicles to be electric by 2030, along with 50% of all passenger cars and light trucks in the U.S.
source : https://www.marketwatch.com
