Stellantis and Terrafame Agree on Low-Carbon Nickel Sulphate Supply for Electric Vehicle BatteriesSource: OMX
Stellantis and Terrafame Agree on Low-Carbon Nickel Sulphate Supply for Electric Vehicle Batteries
- Stellantis strengthens value chain for electric vehicle battery production supporting Dare Forward 2030 strategic plan targets
- Partnership strengthens the role of Terrafame as a recognized supplier of sustainable electric vehicle production
- Partnership marks a concrete step towards a well-structured, transparent, and sustainable European battery cluster to fulfill Stellantis’ needs
AMSTERDAM, January 18, 2023 – Stellantis N.V. and Terrafame Ltd. announced today the signing of a supply agreement for nickel sulphate to be used in electric vehicle (EV) batteries. Beginning in 2025, Finland-based Terrafame will supply Stellantis with nickel sulphate over the five-year term of the agreement. The Terrafame agreement is a part of Stellantis’ aggressive electrification strategy and will cover a significant portion of the needs for sustainable regionally sourced nickel.
“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.”
As part of its Dare Forward 2030 strategic plan, Stellantis announced plans of reaching 100% of passenger car battery electric vehicle (BEV) sales mix in Europe and 50% passenger car and light-duty truck BEV sales mix in the United States by 2030. To offer a clean, safe and affordable mobility for its customers, Stellantis plans to invest more than €30 billion through 2025 in electrification and software development, while targeting to be 30 percent more efficient than the industry with respect to total Capex and R&D spend versus revenues.
Terrafame operates one of the world’s largest battery chemicals plants for EV batteries in Finland. With an integrated production process beginning in its own mine and ending with battery chemicals on one industrial site, Terrafame’s production is fully traceable. Furthermore, due to the unique production technology, the carbon footprint of the nickel sulphate produced by Terrafame is among the smallest in the industry.
“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.”
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Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) is one of the world’s leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their visionary founders and today’s customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Powered by our diversity, we lead the way the world moves – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com.
About Terrafame Ltd
Terrafame enhances low-carbon mobility by delivering responsibly produced battery chemicals to the global battery industry. One of the world’s largest production lines for chemicals used in electric car batteries is located on Terrafame’s industrial site. The plant is capable of producing nickel sulphate for around 1 million electric cars per year. The carbon footprint of the nickel sulphate produced by Terrafame is among the smallest in the industry.
Terrafame’s integrated, unique and energy-efficient production process from the mine to battery chemicals is located on a single industrial site. It provides customers with a transparent, traceable and truly European battery chemical supply chain.
Terrafame Ltd was founded in 2015. Its net sales in 2021 were EUR 378 million. Around 1,500 people work on its industrial site, half of whom are employees of partner companies.
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