Stellantis updates its battery cell production targets for the Douvrin plant
- Today, the Stellantis group sources battery cells for its 100% electric vehicles from CATL and LG Chem for PSA models and Samsung SDI for FCA. From 2022-2023, it will source its cells from ACC, a joint venture created by ex-PSA and SAFT (a subsidiary of Total). At this time, it is not known whether Stellantis will continue to source from Chinese and Korean producers.
- The production of these ACC battery cells will be carried out in the plants of Douvrin (France) and Kaiserslautern (Germany) which will put an end (or reduce strongly) to the production of thermal engines. For ACC, PSA announced in September 2020 a production capacity target for 2030 of 48 GWh for the two plants combined, or the equivalent of one million BEVs, according to Stellantis. Today, the Stellantis group announces a production capacity target for the equipment of 450,000 to 900,000 BEVs, i.e. a capacity of between 22.5 GWh and 45 GWh and this only for the Douvrin plant (if we take as average basis a BEV equipped with a 50 KWh battery pack).
- What does this production objective, updated in few months, means? Several hypotheses:
1. Stellantis could forecast a market increasing twice as what was initially expected.
2. A higher internal demand for cells production following the merger of PSA and FCA which could provide new opportunities for electric vehicle launches (multiplication of the offer).
3. Finally, the combination of the two factors mentioned before.
- These assumptions are therefore based on both offer and demand, but intentionally ignore other factors, such as communication to the general public or financial markets.
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