Stellantis: signs agreement with Terrafame for batteries
(CercleFinance.com) - Stellantis has signed an agreement with Terrafame for the supply of nickel sulphate for electric vehicle batteries.
As from 2025, the Finnish company Terrafame will supply Stellantis with nickel sulphate for five years. Terrafame operates one of the world's largest chemical component plants for electric vehicle batteries in Finland. Thanks to its unique production technology, the carbon footprint of nickel sulphate produced by Terrafame is one of the lowest in the industry.
Stellantis plans to invest over 30 billion euros in electrification and software through to 2025.
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