Stellantis signs non-binding deal for nickel, cobalt supplies for EV batteries

Dodge Dart, Belvidere

The automaker would gain access to increasingly-coveted nickel and cobalt after reaching a long-term deal earlier in the year to lock in lithium hydroxide supplies.

Like a growing number of automakers, Stellantis aims to sell only battery-electric vehicles in Europe by 2030. For the United States it is targeting a battery-electric share of 50% of vehicle sales by the same year. The company aims to reach carbon neutrality by 2038 with an interim reduction in its emissions of 50% by 2030.

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