Annual production of approximately 90,000 tons of nickel and cobalt sulfate is planned.
Transition to 100% electric vehicles for European sales by 2030

Stellantis has begun moves to secure an electric vehicle battery supply chain.

Reuters reported on the 10th that Stellantis has signed a non-binding preliminary agreement with GME Resources to secure a supply of nickel and cobalt sulfate, key raw materials for electric vehicle batteries.

The industry interpreted this contract as a move to ensure a smooth battery supply in response to the increasing global demand for electric vehicles.

Stellantis and GME said in a statement on Monday that it "will be the first step toward a potential long-term partnership."

Supply under the contract will take place at NiWest, a nickel and cobalt mining project in Western Australia currently under development by GME, which is expected to produce approximately 90,000 tons of nickel and cobalt sulfate for batteries annually.

The feasibility study for NiWest is scheduled to begin this month.

Maxime Picat, Chief Purchasing and Supply Chain Officer at Stellantis, stated, “By securing raw material sources and battery supplies, we will strengthen the group’s value chain for electric vehicle production and support decarbonization goals.”

The Stellantis Group is a group that owns Jeep, Fiat, Citroën, Maserati, etc. It has previously announced that it would convert 100% of its European sales and 50% of its U.S. sales to electric vehicles by 2030.