The battery maker has already announced joint ventures with GM and Geely and hopes also to expand its partnership with Tesla.

Magna is slated to build the Ocean SUV in Austria, marking the Canadian supplier's first entry into contract manufacturing for an EV startup.

Renault, with strong sales of electrified vehicles, has formed an EU "open pool" that allows it to sell CO2 credits to other automakers at risk of missing the region's tougher emissions targets.

The vehicles will begin delivering packages in 2021, and 10,000 electric delivery vans will be manufactured by 2022.