Stellantis calls for renegotiated trading arrangements with EU
The UK must consider its trading arrangements with Europe if automaker Stellantis is to sustain its UK manufacturing plants.
The company, the world’s fourth largest automotive manufacturer with around 5,000 UK employees, made this stark warning in a written submission to a Commons inquiry into electric car production.
In the UK, Stellantis has committed its manufacturing plants in Luton and Ellesmere Port to EV production, with electric small vans being built in Ellesmere Port in the first half of 2023. By 2030 the company is targeting all vehicle sales in Europe to be battery electric.
In its submission, the company said there will not be enough battery production supplies in the UK or in Europe by 2025 and 2030, ‘despite the fact this is key to meet the Trade and Cooperation Agreement under the current Rules of Origin.’
Rules of Origin are part of the Trade & Cooperation Agreement (TCA) agreed between the UK and EU. The TCA allows goods traded between the UK and the EU to be carried out at zero tariffs and zero quotas if the goods ‘originate’ in the UK.
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