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Europe","stellantis-catl-deal-could-bring-chinese-lfp-battery-production-to-europe","article/stellantis-catl-deal-could-bring-chinese-lfp-battery-production-to-europe",{"_uid":547,"date":548,"tags":549,"editor":558,"content":568,"excerpt":712,"featured":51,"reporter":713,"_editable":717,"component":718,"seo_title":543,"categories":719,"visibility":736,"author_company":49,"featured_image":737,"seo_description":712,"author_full_name":49,"author_job_title":49,"formattedDate":743,"formattedArticleDate":744},"8c691169-6c5a-42bb-b1a3-6d14b24ce674","2023-11-23 00:00",[550,553,556],{"slug":551,"name":552},"china","China",{"slug":554,"name":555},"europe","Europe",{"slug":557,"name":451},"lfp",[559],{"slug":560,"name":561,"content":562},"matthew-bird","Matthew Bird",{"job_title":563,"image":564,"bio":566,"linkedin":567},"Senior Editor - Supply Chains & Data Visualisation",{"filename":565},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":569,"content":570},"doc",[571,588,593,598,603,608,615,627,639,644,649,654,659,664,669,674,679,684,694,699],{"type":572,"attrs":573,"content":574},"paragraph",{"textAlign":49},[575,578,586],{"text":576,"type":577},"Stellantis is joining forces with China’s CATL to build a European gigafactory for ","text",{"text":579,"type":577,"marks":580},"lithium iron phosphate (LFP) batteries",[581],{"type":582,"attrs":583},"link",{"href":584,"uuid":49,"anchor":49,"target":49,"linktype":585},"https://www.benchmarkminerals.com/forecasts/lithium-ion-batteries/reports/","url",{"text":587,"type":577},", a cheaper cell chemistry that could help the European automaker produce more mass market electric vehicles. ",{"type":572,"attrs":589,"content":590},{"textAlign":49},[591],{"text":592,"type":577},"The companies have signed a non-binding memorandum of understanding and are considering 50:50 ownership of the plant, which would become CATL’s first plant in Europe to specialise in LFPs. It would also be Europe’s first LFP-focused pipeline cell project under some Chinese ownership.",{"type":572,"attrs":594,"content":595},{"textAlign":49},[596],{"text":597,"type":577},"The deal highlights China’s dominance in LFP battery cell technology, where manufacturers have had a longer time to hone efficient production lines and achieve economies of scale. ",{"type":572,"attrs":599,"content":600},{"textAlign":49},[601],{"text":602,"type":577},"“I think Europe will struggle to produce LFP cells at a cost competitive level to China initially,” said Waid. “I think from a cost perspective it’s probably cheaper to ship Chinese imports into Europe,” Aran Waid, an analyst at Benchmark, said.",{"type":572,"attrs":604,"content":605},{"textAlign":49},[606],{"text":607,"type":577},"The new factory would support the automaker’s Dare Forward 2030 strategy, aiming for 100% of its European sales mix to be electric battery passenger vehicles by the end of the decade.",{"type":609,"attrs":610,"content":612},"heading",{"level":611,"textAlign":49},4,[613],{"text":614,"type":577},"The rise of LFP",{"type":572,"attrs":616,"content":617},{"textAlign":49},[618,620,625],{"text":619,"type":577},"LFP’s popularity owes to the fact that its raw material inputs are less costly than those for nickel cobalt manganese (NCM) chemistries. EV demand for the cell type is forecast to grow from 313 gigawatt-hours (GWh) in 2023 to 1.3 terawatt-hours by 2030, according to ",{"text":621,"type":577,"marks":622},"Benchmark’s Lithium ion Battery Database",[623],{"type":582,"attrs":624},{"href":584,"uuid":49,"anchor":49,"target":49,"linktype":585},{"text":626,"type":577},". ",{"type":572,"attrs":628,"content":629},{"textAlign":49},[630,632,637],{"text":631,"type":577},"However, Europe has no operating LFP plants and just four in the pipeline, according to ",{"text":633,"type":577,"marks":634},"Benchmark’s Lithium ion Database",[635],{"type":582,"attrs":636},{"href":584,"uuid":49,"anchor":49,"target":49,"linktype":585},{"text":638,"type":577},".",{"type":572,"attrs":640,"content":641},{"textAlign":49},[642],{"text":643,"type":577},"With Chinese battery manufacturers holding a virtual monopoly over the expertise to scale the chemistry at cost, they are likely to play an increasing role in bolstering Europe’s capacity. ",{"type":572,"attrs":645,"content":646},{"textAlign":49},[647],{"text":648,"type":577},"“Automakers are in a race to reduce costs. This may lead to other automakers to partner with Chinese firms for local LFP plants, at least until South Korean manufacturers ramp up,” said Waid. ",{"type":572,"attrs":650,"content":651},{"textAlign":49},[652],{"text":653,"type":577},"Tesla’s announcement in 2021 to adopt CATL’s LFP cells in all standard range versions of its Model 3 and Y has been one factor pushing automakers towards the more cost-competitive chemistry. ",{"type":572,"attrs":655,"content":656},{"textAlign":49},[657],{"text":658,"type":577},"“Coming up with a mass market offering that uses low cost LFP cells will be important to stimulating wider EV adoption,” Waid added.",{"type":609,"attrs":660,"content":661},{"level":611,"textAlign":49},[662],{"text":663,"type":577},"Stellantis expands battery supply options",{"type":572,"attrs":665,"content":666},{"textAlign":49},[667],{"text":668,"type":577},"Stellantis’ current cell projects specialise in nickel-based chemistries, which are generally used in longer-range vehicles.",{"type":572,"attrs":670,"content":671},{"textAlign":49},[672],{"text":673,"type":577},"Its only operating cell plant so far is located in France – the Automotive Cells Company, which is owned jointly with Total and Mercedes-Benz and forecast to produce 300 megawatt-hours in 2023. The three companies plan to develop two more European projects in Germany and Italy.  ",{"type":572,"attrs":675,"content":676},{"textAlign":49},[677],{"text":678,"type":577},"Stellantis is also developing two US projects with Samsung and one in Canada with LG Energy Solution. ",{"type":609,"attrs":680,"content":681},{"level":611,"textAlign":49},[682],{"text":683,"type":577},"CATL’s growing overseas presence ",{"type":572,"attrs":685,"content":686},{"textAlign":49},[687,689,693],{"text":688,"type":577},"Already, CATL is the Chinese company with the largest share of Europe’s cell supply and is on track to maintain this position in 2032, when it is forecast to produce 16% of the region’s output, according to ",{"text":621,"type":577,"marks":690},[691],{"type":582,"attrs":692},{"href":584,"uuid":49,"anchor":49,"target":49,"linktype":585},{"text":638,"type":577},{"type":572,"attrs":695,"content":696},{"textAlign":49},[697],{"text":698,"type":577},"CATL currently operates one mid-nickel NCM plant in Germany, part of a supply deal with BMW, and plans another project specialising in the same chemistry in Hungary.",{"type":572,"attrs":700,"content":701},{"textAlign":49},[702,704,710],{"text":703,"type":577},"CATL’s other ex-China project is in the US where it is building a 35 GWh LFP project in Michigan in a ",{"text":705,"type":577,"marks":706},"joint venture with Ford",[707],{"type":582,"attrs":708},{"href":709,"uuid":49,"anchor":49,"target":49,"linktype":585},"https://source.benchmarkminerals.com/article/ford-to-build-3-5-billion-us-lfp-battery-plant-using-catl-technology",{"text":711,"type":577}," announced in February 2023. 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The companies have signed a non-binding memorandum of understanding and are considering 50:50 ownership of the plant, which would become CATL’s […]",[714],{"slug":560,"name":561,"content":715},{"job_title":563,"image":716,"bio":566,"linkedin":567},{"filename":565},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"8c691169-6c5a-42bb-b1a3-6d14b24ce674\", \"id\": \"\"}-->","article",[720,723,725,728,731,733],{"slug":721,"name":722},"batteries","Batteries",{"slug":724,"name":298},"cathode",{"slug":726,"name":727},"critical-minerals","Critical Minerals",{"slug":729,"name":730},"gigafactories","Battery & Gigafactory",{"slug":732,"name":8},"lithium",{"slug":734,"name":735},"phosphate","Phosphate","private",{"id":49,"alt":738,"name":739,"focus":739,"title":738,"source":739,"filename":740,"copyright":739,"fieldtype":741,"meta_data":742,"is_external_url":51},"Peugeot 208 electric white clean showroom at the geneva international motorshow, ev car from stellantis group,","","https://a.storyblok.com/f/287943243085208/ba77561945/bm-stellantis-peugeot-ev-in-geneva.jpg","asset",{"alt":738,"title":738,"source":739,"copyright":739},"Nov 23, 2023","23rd November 2023",[],[],1784633812284]