AMSTERDAM: Stellantis N.V. and Finland-based Terrafame Ltd. join forces today, signing a supply agreement for Nickel Sulphate to be used in electric vehicle (EV) batteries. The five-year partnership will start in 2025 and provide Stellantis with sustainable, regionally sourced nickel, launching it towards its aggressive electrification strategy.
“This agreement is part of the key raw material sourcing to fit with our electrified vehicle battery pack needs,” said Stellantis CEO Carlos Tavares. “We continue to build a new global value chain with Class A partners to support our global strategy and propel our commitment to be the industry champion in climate change mitigation, becoming carbon net zero by 2038, ahead of our competition.”
Stellantis announces its groundbreaking Dare Forward 2030 strategic plan, with the ambitious goal of achieving 100% passenger car battery electric vehicle (BEV) sales mix in Europe and 50% BEV sales mix in the US by 2030. To realize this vision, Stellantis plans to invest over €30 billion in electrification and software development through 2025 while aiming to be 30 percent more efficient than the industry when it comes to total Capex and R&D spend versus revenue. The move is expected to bring clean, safe, and affordable mobility for all customers.
Terrafame boasts one of the world’s largest battery chemicals plants for EV batteries in Finland. Its production is fully traceable, beginning at its own mine and ending with battery chemicals on one industrial site. In addition, thanks to its unique production technology, Terrafame produces Nickel Sulphate with a carbon footprint smaller than those of most other industries.
“Cooperation with industry leaders such as Stellantis fortifies the position of Terrafame as an important partner of battery chemicals for the European automotive industry,” said Terrafame CEO Joni Lukkaroinen. “In these challenging times, there clearly is a strong demand for sustainably and transparently produced battery chemicals that are made in Europe, for Europe. We are proud to be doing our part in decarbonizing European mobility and increasing the efficiencies of the European automotive industry.”
