By Joshua KirbyStellantis NV said Monday that it is investing in supplier Element 25 as it looks to secure its electric-vehicle expansion plans. The Jeep maker will make an unspecified equity investment in Australian miner Element 25, which will supply the group with battery-grade manganese sulphate for use in its EV battery packs. The five-year supply agreement will begin shipments in 2026 with a total volume of 45 kilotons of the material, with an option to expand both term and volume, Stellantis said. Element 25 will source the manganese sulphate--which is used to stabilize EV-battery cathodes--from its Butcherbird project in Western Australia and plans to construct a processing facility in the U.S., Stellantis said. Stellantis plans for 100% of its Europe vehicles to be electric by 2030, along with 50% of all passenger cars and light trucks in the U.S.Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby(END) Dow Jones Newswires01-09-23 0232ET

Source: Wall Street Journal January 09, 2023 07:36 UTC