Stellantis CEO Admits To The Need For More US Battery Factories via insideevs.com
Stellantis' CEO admitted the company will need at least one, but perhaps two more large EV battery factories in the US to hit its production goals. The company has many brands and many future EVs under its umbrella, but securing battery production in the US is paramount right now.
Stellantis CEO Carlos Tavares made it public on Tuesday that the automaker will need plenty of batteries going forward. This should come as no surprise as we've been talking about the need for EV batteries and battery factories, as well as more mining and refining efforts for years now. It's not rocket science. As more and more of the global automotive industry make the transition from gas cars to EVs, everyone needs more battery cells.
The reason many automakers are pushing to source and/or produce electric car batteries on our shores is the new US federal EV tax credit. It puts weight not only on where the EV is produced, but also on where the battery materials are sourced from and where the battery is manufactured.fully electric pickup truck to market on our shores and has already promised that at least one version of the truck will have over 500 miles of range. This means a huge battery pack.
In the end, Stellantis hopes to be producing 400 GWh of batteries annually, with a goal of making that happen by 2030.
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