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Stellantis hopes to increase its chances of sourcing cheap sodium ions for battery electric vehicles by investing in a French battery technology company.
Stellantis Ventures, the automaker’s corporate investment fund, said it is a strategic investor in Tiamat, which is currently developing a market-ready lithium-ion free battery. Sodium, while abundantly available, claims to offer increased sustainability and material sovereignty.
The company is one of the 11 best-performing technology startups to win the Stellantis Ventures Award in 2023 and is the first company in the world to commercialize sodium ion technology in electric products. claims. Tiamat is a spin-off from the French National Center for Scientific Research and will use proceeds from a funding round that included Stellantis Ventures to initially build a sodium-ion battery factory in France for power tools and stationary energy storage applications. It’s scheduled to start. This will be followed by large-scale production of second-generation products for BEV applications.
Ned Kulick, chief engineering and technology officer at Stellantis, said: “Exploring new options for more sustainable and affordable batteries that use widely available raw materials is a key part of our Dare Forward 2030 strategic plan goals to achieve carbon net zero.” Customers are looking for emissions-free vehicles that offer a combination of consistent range, performance and affordability. Stellantis and its partners are currently working to develop breakthrough technologies for the future, and this is our North Star. ”
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