Stellantis and BMW are in talks with Panasonic Holdings about teaming as much as construct electrical automobile battery crops in North America, The Wall Avenue Journal reported on Tuesday, citing individuals acquainted with the talks.
World automakers are investing billions of {dollars} to arrange battery crops for electrical autos, as demand surges for much less polluting transport amid a push by governments to make them extra inexpensive.
Stellantis, the world’s third-largest automotive group by gross sales, has already introduced two EV battery crops in North America — one with LG Vitality Answer Ltd. in Canada and one other in Indiana with Samsung.
Stellantis is in discussions with Panasonic over a potential third manufacturing unit, in response to the WSJ report.
The automaker declined to touch upon the report. BMW was not instantly accessible for a remark.
“We’re inspecting varied progress methods for our automotive battery enterprise, however there isn’t any additional data that we are able to share in the meanwhile except for what we now have already introduced,” a Panasonic spokesperson mentioned in an emailed response.