Stellantis Finalizes Major EV Battery Deal With Element 25

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The world's fourth-largest automaker has confirmed a five-year agreement.

Stellantis has announced it has finalized a five-year agreement with Australian mining company Element 25 that will secure the supply of high-purity manganese sulfate monohydrate for electric vehicle batteries. The world's third-largest automaker in terms of sales, owner of the Jeep, Ram, Dodge, Chrysler, Fiat, and Alfa Romeo brands, is now in a solid position to proceed with its EV plans just as rival automakers are preparing for major global demand for battery electrics in the coming years.

Manganese is a core stabilizing agreement in a battery's cathode for nickel-cobalt chemistries. A total of 49,604 tons from Element 25's operation in western Australia will get underway in 2026. The agreement also has the option to extend the supply and total volumes.

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Element 25 will process the material at a new facility located in the US. For its part, Stellantis is making an undisclosed equity investment in the mining company.

"Stellantis' support for Element 25's high-purity battery-grade manganese sulfate project is a fantastic endorsement by one of the world's largest automakers and validates our plans to become a globally significant long-term supplier of battery materials to meet growing global demand," said Just Brown, Element 25's managing director. "We are fully aligned with Stellantis' decarbonization and electrification goals, which represent some of the most ambitious in the industry, and have committed to reaching agreed net zero carbon emission goals under this deal."

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The automaker also finalized a deal last summer with Vulcan Energy Resources, LTD. for another critical EV battery mineral: lithium. As part of that agreement, Stellantis is investing almost $53 million to guarantee a reliable supply chain for that critical mineral. Stellantis has major EV product plans in the works, including the upcoming production version of the just-revealed Ram 1500 EV Revolution Concept pickup truck.

Built on the new STLA Large architecture, the truck is just the very beginning of what's to come from Stellantis. Alfa Romeo, for example, will become EV-only in the near future. Its last internal combustion-powered model will exit the lineup by 2027.

Dodge, meanwhile, is working on an all-electric muscle car that will serve as a success for the highly successful and beloved Challenger and its sedan cousin, the Charger.

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