Stellantis (NYSE: STLA) has entered into a non-binding agreement with GME Resources (AU: GME) to secure supplies of nickel and cobalt sulphate for batteries of electric vehicles from GME’s NiWest Nickel-Cobalt Project in Western Australia.
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Maxime Picat, Stellantis’s Chief Purchasing and Supply Chain Officer stated, “Securing the raw material sources and battery supply will strengthen Stellantis’ value chain for electric vehicle battery production and equally important, help the Company achieve its aggressive decarbonization target.”
Stellantis aims to have 100% of its sales in Europe from passenger car battery electric vehicles (BEV) and 50% of its sales in the U.S. from passenger car and light-duty truck BEVs by 2030.
