Stellantis (STLA) will buy carbon credits from a "pool" led by Tesla (TSLA) to meet the European Union's CO2 reduction requirements, the group's head of European operations Jean-Philippe Imparato said at an event on Saturday, Reuters reported.

Carmakers agreed to pool their emissions and avoid EU fines by having firms with lower electric vehicle sales buy carbon credits from EV companies such as Tesla and Polestar.

Stellantis entered a pool led by Tesla, the report said.

Imparato, responding to a question about whether Stellantis planned to use credits from Tesla this year, said: "I'll use everything."

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