Stellantis and BMW are in talks with Panasonic Holdings about teaming up to build electric vehicle battery plants in North America, The Wall Street Journal reported on Tuesday, citing people familiar with the talks.
Global automakers are investing billions of dollars to set up battery plants for electric vehicles, as demand surges for less polluting transport amid a push by governments to make them more affordable.
Stellantis, the world’s third-largest automotive group by sales, has already announced two EV battery plants in North America — one with LG Energy Solution Ltd. in Canada and another in Indiana with Samsung.
