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Stellantis-CATL battery partnership seeks affordable EVs for Europe

Green Car Reports

Stellantis and battery supplier CATL on Tuesday signed a memorandum of understanding that could pave the way for more affordable EVs in Europe. The non-binding memorandum outlines the supply of lithium iron phosphate (LFP) battery cells and modules by CATL to Stellantis for European production within an unspecific timeframe.

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New Vehicle Supply Spikes, Affordability Surges

Green Fleet Magazine

Inventory levels reach the highest point since June 2020 while the number of buyers who can afford a new vehicle is the best since June 2021.

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CATL to supply EV batteries to Daihatsu

Green Car Congress

Limited (CATL) and Daihatsu Motor, a wholly-owned subsidiary of Toyota, announced an MOU of Strategic Cooperation on battery supply and battery technologies to promote e-mobility in Japan. China-based Contemporary Amperex Technology Co.,

Supplies 150
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Westport awarded additional production supply agreement for Euro 7 LPG fuel systems by global OEM

Green Car Congress

This is in addition to the previously announced production supply agreement, adding new Euro 7 vehicle platforms planned for production by the OEM. This increases the revenue generated from LPG fuel system supply agreements for Euro 6 and 7 programs with this OEM to approximately €255 million. —David M.

Supplies 150
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Tesla price cuts push EV market toward affordability with broader influence

Teslarati

Tesla cut prices on its cars once again recently and contributed to a broader scope of affordability for electric vehicles. EV sales continue to increase as well, as the EV supply sits at 97 days at the beginning of October. partly due to strong supply and more choice.

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Report: Vehicle Supplies Are Climbing Back Up

The Truth About Cars

This is according to a report from Cox Automotive , which stated that the month of February opened with the industry seeing an average new vehicle supply of 80 days. However, the figure still doesn’t match the supply averages seen at the start of 2020. But there does not appear to be a similar surplus of affordable models.

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Battery material plant will feed GM's North American EV supply chain

Green Car Reports

In order to produce affordable electric vehicles at scale, automakers need to both drive down battery costs and secure a stable supply of critical materials.

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