Stellantis signs nickel supply agreement with Terraframe
Terraframe announced today it signed a a supply agreement with Stellantis for nickel sulphate to be used in electric vehicle (EV) batteries.
Beginning in 2025, Finland-based Terrafame will supply Stellantis with nickel sulphate over the five-year term of the agreement. The Terrafame agreement is a part of Stellantis’ electrification strategy and will cover a significant portion of the needs for sustainable regionally-sourced nickel.
As part of its Dare Forward 2030 strategic plan, Stellantis announced plans of reaching 100% of passenger car battery electric vehicle (BEV) sales mix in Europe and 50% passenger car and light-duty truck BEV sales mix in the United States by 2030. Stellantis plans to invest more than €30 billion through 2025 in electrification and software development, while targeting to be 30 percent more efficient than the industry with respect to total Capex and R&D spend versus revenues.
Terrafame operates one of the world’s largest battery chemicals plants for EV batteries in Finland. With an integrated production process beginning in its own mine and ending with battery chemicals on one industrial site, Terrafame’s production is fully traceable. Furthermore, due to the unique production technology, the carbon footprint of the nickel sulphate produced by Terrafame is among the smallest in the industry.