Stellantis and the Chinese EV battery giant said on Tuesday that they had signed a preliminary agreement for the supply of LFP battery cells and modules for the automaker's electric vehicle production in Europe.
Stellantis said no decision had been made on the size or exact location of the plant. The partners are considering a joint venture in which both contribute equally.
Maxime Picat, the global head of purchasing and supply chain at Stellantis, said a "few more months" were needed to finalize the JV plan with CATL. He said it will take about three years to have the gigafactory in operation after finalizing the details.