MILAN : Stellantis has signed an offtake and equity investment agreement with Australia-listed Kuniko, the latest of a string of deals aiming to give the carmaker stable supply of key materials for vehicle batteries.Based on the binding agreement, the Franco-Italian automaker will get 35 per cent of futur
MILAN : Stellantis has signed an offtake and equity investment agreement with Australia-listed Kuniko, the latest of a string of deals aiming to give the carmaker stable supply of key materials for vehicle batteries.
Stellantis also agreed to buy new shares in Kuniko worth 5 million euros , giving it a 19.99 per cent stake in the company and the power to appoint one board member, they added. Stellantis' Chief Purchasing and Supply Chain Officer Maxime Picat said the world's third largest carmaker by sales was on an"aggressive path" to securing raw materials needed to meet its electrification targets.
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