Managem Group will supply Renault with 5,000 tonnes of cobalt sulfate per year for a period of 7 years, with the first deliveries in 2025.
Managem plans to build a plant located within the Guemassa Industrial Complex, Morocco to convert cobalt ore into cobalt sulfate.
Through this partnership, Renault has guaranteed a significant supply of cobalt sulfate, representing an annual battery production capacity of up to 15 GWh, Renault said in a statement.
This direct collaboration between the two will ensure a long-term traceability system for the cobalt supply chain for batteries. It also aims to reduce the impact on the environment, especially thanks to the knowledge of the Management Group who have optimized energy efficiency in their facilities through increasing the use of green energy, more than 80 percent of which comes from wind power.
This agreement primarily includes the possibility for the Managem Group, the Renault Group and its Alliance partners to advance further cooperation in the supply of manganese and copper sulfate, as well as the recycling of battery materials in short cycles.
Following the establishment of an industrial center dedicated to the Renault ElectriCity electric vehicle, the Renault Group is positioning itself as a key player in more efficient, low-carbon and reusable batteries.
The Renault Group aims to reduce its battery carbon footprint by 20 percent by 2025 and by 35 percent by 2030, compared to 2020.
Combined with a partnership with Vulcan to secure low carbon lithium and Terrafame for low carbon nickel sulfate, this agreement marks a new step towards reducing the environmental footprint of electric vehicles and the Renault Group’s goal of carbon neutrality in Europe by 2040. .